GBP USD keeps its positive stability – Analysis - 24/04/2015
Economies.com
2015-04-24 04:49AM UTC
The GBPUSD pair still stable above 1.5000, which forms good support base that supports continuing the positive scenario in the upcoming period, while the EMA50 continues to carry the price from below, therefore, these factors encourage us to keep our bullish overview on the intraday and short term basis, waiting to visit 1.5375 level initially.
It is important to note that breaking 1.5000 level might push the price to turn intraday track to the downside, and a potential visit to 1.4815 level before any new attempt to rise.
Expected trading range for today is between 1.4900 support and 1.5200 resistance.
Expected trend for today: Bullish
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