Midday update for GBPUSD 21-02-2017
Economies.com
2017-02-21 11:14AM UTC
The GBPUSD pair shows some bearish bias now to move below the intraday bullish channel’s support, affected by stochastic and the EMA50 negativity, which might push the price to test the most important support level for the short term trading at 1.2339 before it attempts to rise again.
Until now, the bullish trend remains valid on the short term basis if the price settled above 1.2339 level, reminding you that our main targets begin by breaching 1.2550 level to open the way towards 1.2720.
Expected trading range for today is between 1.2339 support and 1.2550 resistance.
Expected trend for today: Bullish
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