Midday update for GBPUSD 22-05-2017
Economies.com
2017-05-22 10:16AM UTC
The GBPUSD pair tests the intraday bullish trend line that meets the EMA50 to strengthen it, while stochastic reaches the thresholds of the oversold levels, forming positive motive that we wait to motivate the price to rise again.
Therefore, we will keep our positive expectations in the upcoming sessions conditioned by holding above 1.2890 level, reminding you that our next main target at 1.3100.
Expected trading range for today is between 1.2900 support and 1.3100 resistance.
Expected trend for today: Bullish
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