Midday update for GBP USD 23/04/2015
Economies.com
2015-04-23 10:50AM UTC
The GBPUSD pair tested 1.5000 level and keeps its stability above it until now, as the price is affected by stochastic negativity attempts to get rid of this negativity and gain positive momentum on the intraday time frames.
In general, we continue to suggest the bullish trend in the upcoming period as long as the price is above the above mentioned level, reminding you with the next main target located at 1.5375, noting that the EMA50 offers good positive support for the suggested bullish wave.
Expected trading range for today is between 1.4900 support and 1.5200 resistance.
Expected trend for today: Bullish
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