GBPUSD succeeds to breach – Analysis - 28-04-2017
Economies.com
2017-04-28 03:58AM UTC
The GBPUSD pair succeeded to confirm breaching 1.2890 level after closing the daily candlestick above it, which reinforces the expectations of more rise in the upcoming period, as the mentioned level represents 61.8% Fibonacci correction level for the decline measured from 1.3443 to 1.1997, which means that the way is open to head towards 1.3100 in the upcoming period.
Therefore, the bullish trend will remain expected on the intraday and short term basis, noting that breaking 1.2890 will push the price to decline towards 1.2720 before any new positive attempt.
Expected trading range for today is between 1.2840 support and 1.3020 resistance.
Expected trend for today: Bullish
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