Midday update for GBP USD 27/04/2015
Economies.com
2015-04-27 10:52AM UTC
The GBPUSD pair fluctuates in tight track since morning with some slight bearish bias, affected by stochastic negativity, while the overall bullish trend remains valid and active for today if the price settled above 1.5000 level, supported by the EMA50.
We remind you that our next main target at 1.5375, while breaking 1.5000 level will push the price to visit 1.4815 level before any new attempt to rise.
Expected trading range for today is between 1.5100 support and 1.5300 resistance.
Expected trend for today: Bullish
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