Midday update for GBPUSD 01-07-2016

Economies.com
2016-07-01 10:54AM UTC

The GBPUSD pair showed positive trading this morning and attempted to breach 1.3300 level but without managing to hold above it until now, while stochastic continues to provide the positive signals on the daily time frame.

 

As long as the price is above 1.3225, the bullish trend scenario will remain valid for the upcoming period, reminding you that the expected main target reaches to 1.3834.

 

Expected trading range for today is between 1.3100 support and 1.3500 resistance.

 

Expected trend for today: Bullish

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