Midday update for GBPUSD 19-05-2017
Economies.com
2017-05-19 10:56AM UTC
The GBPUSD pair shows positive signals now after retesting 1.2890 level, and it gets positive signals from stochastic and the EMA50, which increases the expectations for more of the upside track for the rest of the day.
Therefore, we will keep preferring the bullish trend in the upcoming sessions conditioned by holding above 1.2890 level, pointing that our next main target at 1.3100.
Expected trading range for today is between 1.2890 support and 1.3050 resistance.
Expected trend for today: Bullish
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