GBPUSD negotiates the resistance – Analysis - 24-04-2017
Economies.com
2017-04-24 04:25AM UTC
The GBPUSD pair makes attempts to breach the minor resistance that appears in the image, which supports the chances for the continuation of the bullish trend on the intraday and short term basis, which its next target located at 1.2890, where the price gets continuous positive support from the EMA50.
Therefore, the bullish trend will remain preferred in the upcoming period, waiting for breaching the mentioned level to confirm opening the way towards 1.3100, taking into consideration that holding above 1.2720 represents an important condition for the continuation of the suggested bullish trend.
Expected trading range for today is between 1.2700 support and 1.2900 resistance.
Expected trend for today: Bullish
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