GBPUSD gathers the positive momentum – Analysis - 23-05-2017
Economies.com
2017-05-23 04:27AM UTC
The GBPUSD pair shows sideways trading settled near 1.3000 level, while stochastic attempts to get enough positive momentum to push the price to resume the bullish trend, where the positive scenario remains valid if the price settled above 1.2890 level.
Therefore, we wait for positive trading for today, and the first target is testing 1.3100, reminding you that breaching this level will push the price to head to 1.3443 as a next main station, where breaking 1.2890 will push the price to test 1.2720 levels directly.
Expected trading range for today is between 1.2900 support and 1.3100 resistance.
Expected trend for today: Bullish
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