GBPUSD keeps its positive stability – Analysis - 25-05-2017
Economies.com
2017-05-25 02:44AM UTC
The GBPUSD pair returns to fluctuate around the intraday bullish trend line after pushing negatively on it yesterday, noticing that stochastic shows clear positive signals on the four hours' time frame, motivating the price to continue the bullish trend in the upcoming period.
Therefore, we will keep our bullish overview on the intraday and short term basis, and the targets begin at 1.3100 and extend to 1.3443 after breaching the previous level, noting that holding above 1.2890 represents key condition to continue the suggested positive overview.
Expected trading range for today is between 1.2890 support and 1.3080 resistance.
Expected trend for today: Bullish
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