Midday update for GBPUSD 17-02-2017
2017-02-17 11:24:17 GMT (Economies.com)
Midday update for GBPUSD 17-02-2017
 

The GBPUSD pair traded with clear negativity this morning affected by the negative data coming from the British economy, to start pushing on the key support 1.2405, which forms key condition to continue the recently suggested positive scenario, waiting to rebound bullishly to resume the bullish trend that its first target represented by testing 1.2550 level.

 

Stochastic approaches from the oversold areas to provide positive motive that we are waiting to assist to push the price to rise in the upcoming sessions, to keep the positive scenario active conditioned by the price stability above 1.2405.

 

Expected trading range for today is between 1.2365 support and 1.2550 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1180
-0.0028
0.2534%
1.2807
-0.0134
1.0320%
17.351
0.187
1.089%
49.865
1.180
2.424%
52.18
0.72
1.40%
1267.200
11.595
0.923%
 
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