GBPUSD keeps its positive stability – Analysis - 21-03-2017
Economies.com
2017-03-21 05:16AM UTC
The GBPUSD pair returned to test 1.2339 level and kept its stability above this level, where the EMA50 meets this level to strengthen it, while stochastic reaches the oversold levels on the four hours’ time frame.
Therefore, these factors encourage us to keep our bullish trend expectations in the upcoming period, and the main waited target located at 1.2550, being aware that breaking 1.2339 will push the price to trade negatively and targeting levels begin at 1.2135 and extend to 1.1997.
Expected trading range for today is between 1.2300 support and 1.2500 resistance.
Expected trend for today: Bullish
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