GBPUSD keeps the support base – Analysis - 04-07-2016
Economies.com
2016-07-04 00:53AM UTC
The GBPUSD pair kept the stability of the daily and weekly close above the critical support level at 1.3225, which keeps the chances valid for resuming the expected bullish trend on the short- term basis, especially that stochastic overlaps positively within the oversold levels.
Therefore, the bullish trend will be preferred in the upcoming sessions, reminding you that our main waited target located at 1.3834, while breaking 1.3225 level represents negative factor that will push the price to target the psychological barrier as a next main station.
Expected trading range for today is between 1.3100 support and 1.3500 resistance.
Expected trend for today: Bullish
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