GBPUSD approaches from the first target – Analysis - 27-04-2017
Economies.com
2017-04-27 04:28AM UTC
The GBPUSD pair shows calm positive trading approaching gradually from our first main target at 1.2890, where the price gets continuous positive support from the EMA50, while stochastic provides positive overlapping signal on the four hours’ time frame.
Therefore, we believe that the chances are available for breaching the mentioned level then rally to 1.3100 as a next main station, reminding you that the continuation of the bullish trend depends on the stability above 1.2720 level.
Expected trading range for today is between 1.2765 support and 1.2970 resistance.
Expected trend for today: Bullish
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