GBPUSD resumes rising – Analysis - 27-03-2017
Economies.com
2017-03-27 05:20AM UTC
The GBPUSD pair shows positive trading now in attempt to resume the suggested bullish trend in our last reports, where the price gets positive signal from stochastic, which motivates the price to achieve more of the upside track moves on the intraday basis.
Therefore, the bullish trend scenario will remain active in the upcoming period, and the price needs to breach 1.2550 level to reinforce the expectations for heading to our next target at 1.2720, pointing that the EMA50 supports the suggested bullish wave, and its continuation conditioned by holding above 1.2339 level.
Expected trading range for today is between 1.2450 support and 1.2630 resistance.
Expected trend for today: Bullish
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