Midday update for GBPUSD 22-03-2017
Economies.com
2017-03-22 11:43AM UTC
The GBPUSD pair did not show any strong move since morning, and trading settles around 1.2460 level, while stochastic attempts to gain the positive momentum on the intraday time frames, forming positive factor that we are waiting to assist to push the price to continue rising.
Therefore, our bullish overview will remain valid for the rest of the day conditioned by holding above 1.2339 level, reminding you that our next main target is represented by testing 1.2550.
Expected trading range for today is between 1.2400 support and 1.2550 resistance.
Expected trend for today: Bullish
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