Midday update for GBPUSD 24-02-2017
Economies.com
2017-02-24 11:18AM UTC
The GBPUSD pair hovers around 1.2550 level since morning and made an initial attempt to breach it, keeping the bullish trend scenario active for today, waiting for confirming the breach to rally to 1.2720 directly.
Therefore, the bullish trend scenario will remain valid in the upcoming sessions unless breaking 1.2475 level and holding below it, pointing that the EMA50 provides positive support for the suggested bullish wave.
Expected trading range for today is between 1.2475 support and 1.2650 resistance.
Expected trend for today: Bullish
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