GBPUSD approaches from the target – Analysis - 24-03-2017
Economies.com
2017-03-24 05:11AM UTC
The GBPUSD pair bounces lower slightly after the approach from 1.2550 level yesterday, where the price affected by stochastic negativity that attempts to get rid of its negativity and gain the positive momentum on the four-hour time frame, while the EMA50 keeps supporting the price from below.
Therefore, we will keep our bullish trend expectations on the intraday and short term basis conditioned by holding above 1.2339 level, reminding you that breaching 1.2550 level will extend the bullish wave to reach 1.2720 as a next main station.
Expected trading range for today is between 1.2400 support and 1.2600 resistance.
Expected trend for today: Bullish
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