GBP USD continues to rise – Analysis - 27/04/2015
Economies.com
2015-04-27 05:02AM UTC
The GBPUSD pair continues to trade positively approaching from 1.5200 level, getting continuous support from the EMA50, which reinforces the expectations of more rise in the upcoming period, waiting to visit the next main target at 1.5375.
Stochastic shows clear overbought signals now that might push the price for some temporary sideways fluctuation before resuming the bullish trend again, which its continuation requires holding above 1.5000.
Expected trading range for today is between 1.5100 support and 1.5300 resistance.
Expected trend for today: Bullish
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