GBPUSD keeps its positive stability – Analysis - 28-03-2017

The GBPUSD pair settles above 1.2550 level, while stochastic gets rid of its negativity clearly heading to the oversold levels, which forms positive motive that we wait to assist to push the price to the upside again, to keep the bullish trend preferred in the upcoming period, reminding you that the next main target located at 1.2720.

Note that breaching the targeted level will open the way towards extending the bullish wave on the short and medium term basis, while breaking 1.2550 level represents negative factor that will push the price to visit 1.2339 level again before any new positive attempt.

Expected trading range for today is between 1.2500 support and 1.2720 resistance.

Expected trend for today: Bullish