GBPUSD tests the key support – Analysis - 26-05-2017
Economies.com
2017-05-26 03:10AM UTC
The GBPUSD pair opened today's trading negatively to test the key support 1.2890, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking it will push the price to achieve more decline that targets testing 1.2720 level before any new attempt to rise.
Therefore, we will keep our positive overview for the upcoming period supported by stochastic positivity, noting that breaching 1.3000 will ease the mission of heading towards our next main target at 1.3100.
Expected trading range for today is between 1.2840 support and 1.3020 resistance.
Expected trend for today: Bullish
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