Midday update for GBPUSD 24-05-2017
Economies.com
2017-05-24 10:24AM UTC
The GBPUSD pair shows some slight bullish bias in attempt to move away from the intraday bullish trend line, supported by the EMA50 besides the positive signal provided by stochastic now, waiting to test 1.3100 initially.
Therefore, the bullish trend will remain active for the rest of the day unless breaking 1.2890 level and holding below it, reminding you that breaching the targeted level will extend the bullish wave to reach 1.3443 as a next main station.
Expected trading range for today is between 1.2890 support and 1.3080 resistance.
Expected trend for today: Bullish
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