GBPUSD keeps its positive stability – Analysis - 17-05-2017
Economies.com
2017-05-17 04:08AM UTC
The GBPUSD pair shows sideways trading recently keeping its stability above 1.2890, which represents the most important condition to continue the bullish bias on the intraday basis, noticing that stochastic begins to provide positive overlapping signal on the four hours' time frame, while the EMA50 provides positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend for today, waiting to test 1.3100 as a next main target, reminding you that breaking 1.2890 will push the price to test 1.2720 areas before any new attempt to rise.
Expected trading range for today is between 1.2860 support and 1.3020 resistance.
Expected trend for today: Bullish
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