Midday update for GBPUSD 24-03-2017
Economies.com
2017-03-24 11:11AM UTC
The GBPUSD pair did not show any strong move since morning, to keep fluctuating near 1.2485 level, as long as the price above 1.2339 level, so our bullish trend expectations will remain valid on the intraday and short term basis, supported by stochastic reach to the oversold levels, waiting for breaching 1.2550 level to confirm opening the way to head to the next correctional level at 1.2720.
Expected trading range for today is between 1.2400 support and 1.2600 resistance.
Expected trend for today: Bullish
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