Midday update for GBPUSD 15-02-2017
Economies.com
2017-02-15 11:59AM UTC
The GBPUSD pair shows more negative attempts approaching from 1.2400 barrier, while stochastic continues to fluctuate at the oversold areas, providing positive motive that we are waiting to push the price to resume its bullish track, which its main targets begin by breaching 1.2550 level to confirm opening the way to head towards 1.2720.
Therefore, we will keep our positive overview for today unless breaking 1.2390 level and holding below it.
Expected trading range for today is between 1.2390 support and 1.2600 resistance.
Expected trend for today: Bullish
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