Midday update for GBP USD 08/02/2016
Economies.com
2016-02-08 11:35AM UTC
The GBPUSD pair hovers near 1.4515 level since morning, while stochastic heads to the upside to provide an intraday positive motive that we wait to push the price to resume the bullish bias.
Therefore, we will keep our positive expectations for today if the price settled above 1.4440 level, reminding you that our main waited target at 1.4785 that represents 38.2% Fibonacci correction level for the decline that measured from 1.5928 to 1.4078.
Expected trading range for today is between 1.4440 support and 1.4650 resistance.
Expected trend for today: Bullish
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