Midday update for GBPUSD 20-06-2016
Economies.com
2016-06-20 10:44AM UTC
The GBPUSD pair continued its positive trading to breach 1.4600 level and settles above it, to build intraday support base above this level, which reinforce the chances of continuing the bullish trend in the upcoming period, waiting for more positivity to target 1.4900 followed by 1.5000 levels mainly.
The EMA50 keeps supporting the expected bullish wave, which its continuation conditions holding above 1.4335 level.
Expected trading range for today is between 1.4500 support and 1.4700 resistance.
Expected trend for today: Bullish
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