GBPUSD touches the first target – Analysis - 24-02-2017
Economies.com
2017-02-24 05:34AM UTC
The GBPUSD pair rallied upwards clearly yesterday's evening to touch 1.2550 level and settles there, reminding you that we need to breach this level to confirm extending the bullish wave towards 1.2720, and the price gets positive support by the EMA50 that reinforces the chances of achieving the required breach.
Therefore, our positive overview will remain valid and active in the upcoming sessions, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 1.2475 level will push the price to test 1.2339 areas before any new attempt to rise.
Expected trading range for today is between 1.2475 support and 1.2650 resistance.
Expected trend for today: Bullish
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