GBPUSD keeps its positive stability – Analysis - 02-05-2017
Economies.com
2017-05-02 04:38AM UTC
The GBPUSD pair retested 1.2890 level and it keeps its stability above it, which keeps the bullish trend scenario active until now, supported by the EMA50 that keeps carrying the price from below, while stochastic reaches the oversold levels now.
Therefore, we believe that the chances are available for resuming the bullish trend in the upcoming sessions, waiting for heading to 1.3100 as a next main target, reminding you that the continuation of the stability above 1.2890 for the continuation of the positive expectations for today.
Expected trading range for today is between 1.2840 support and 1.3020 resistance.
Expected trend for today: Bullish
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