GBP USD resumes rising – Analysis - 22/05/2015
Economies.com
2015-05-22 04:45AM UTC
The GBPUSD pair ended yesterday’s trading above the EMA50, to build good support base above this level, which supports the continuation of the bullish trend inside the bullish channel that appears on image, waiting to target 1.6000 areas as a next main station.
Stochastic current negativity might force the price to show some temporary sideways fluctuation before turning back to resume the bullish trend, which will remain valid and active conditioned by holding above 1.5500.
Expected trading range for today is between 1.5600 support and 1.5800 resistance.
Expected trend for today: Bullish
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