GBP USD approaches the first target – Analysis - 29/07/2015
Economies.com
2015-07-29 04:13AM UTC
The GBPUSD pair crawls gradually to the upside to approach from 1.5645 level, as the EMA50 continues to support the price from below, which encourages us to expect breaching the targeted level to extend our positive targets towards 1.5750.
In general, the bullish bias will remain suggested in the upcoming period as long as the price is above 1.5470, noting that breaching 1.5750 level will offer strong positive motive that will bring the price back to the main bullish track.
Expected trading range for today is between 1.5500 support and 1.5750 resistance.
Expected trend for today: Bullish
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