GBPUSD recovers – Analysis - 22-02-2017
Economies.com
2017-02-22 05:31AM UTC
The GBPUSD pair managed to close yesterday’s trading positively above the intraday bullish channel and above the EMA50, which supports the continuation of our bullish trend expectations in the upcoming period, and the way is open for testing 1.2550 level, reminding you that braeching this level is required to confirm the bullish wave extension towards 1.2720.
Therefore, the bullish bias will remain preferred for today conditioned by holding above 1.2460 and the most important above 1.2339 levels.
Expected trading range for today is between 1.2400 support and 1.2630 resistance.
Expected trend for today: Bullish
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