GBPUSD inside a positive pattern – Analysis - 21-04-2017
Economies.com
2017-04-21 03:57AM UTC
The GBPUSD pair's recent moves are confined inside a bullish pennant pattern that appears on the minor image, thus, breaching 1.2830 will activate the positive effect of this pattern followed by leading the price to continue the main bullish trend, motivating the price to breach 1.2890 level to open the way to head towards our next target at 1.3110.
Therefore, we will continue to suggest the bullish trend in the upcoming period supported by the EMA50, reminding you that holding above 1.2720 represents key condition to continue the suggested rise.
Expected trading range for today is between 1.2720 support and 1.2900 resistance.
Expected trend for today: Bullish
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