GBP USD needs a strong positive momentum – Analysis - 23/07/2014
Economies.com
2014-07-23 00:06AM UTC
The GBPUSD pair touched the bullish channel’s support level again and it keeps its stability above this level, therefore, the bullish trend scenario remains valid on the intraday basis, and the price needs a strong positive motive that supports resuming the bullish bias which its main targets begin at 1.7320.
Breaching 1.7095 level will ease achieving the suggested rise, which remains valid conditioned by holding above 1.7040 level.
Expected trading range for today is between: 1.7025 support and 1.7320 resistance.
Expected trend for today: Bullish
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