Midday update for GBPUSD 23-02-2017
Economies.com
2017-02-23 11:35AM UTC
The GBPUSD pair hovers around the EMA50, while stochastic begins to head higher on the four hours time frame, which supports the continuation of the expected bullish trend on the intraday and short term basis, waiting for breaching 1.2550 level to confirm opening the way towards heading to 1.2720.
We remind you that holding above 1.2339 level represents the most important condition for the continuation of the suggested rise.
Expected trading range for today is between 1.2370 support and 1.2600 resistance.
Expected trend for today: Bullish
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