Midday update for GBPUSD 22-02-2017
Economies.com
2017-02-22 11:39AM UTC
The GBPUSD pair shows bearish bias to push on the support at 1.2460, which forms the first protection factor for our positive expectations besides the most important support at 1.2339, as long the price above the last level, so the bullish trend scenario will remain active for today, waiting for breaching 1.2550 level to reinforce the expectations for heading towards 1.2720.
Note that breaking 1.2339 level will push the price to head towards the previously recorded bottom at 1.1997 mainly.
Expected trading range for today is between 1.2400 support and 1.2630 resistance.
Expected trend for today: Bullish
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