Midday update for GBPUSD 19-07-2017
Economies.com
2017-07-19 09:51AM UTC
The GBPUSD pair hovers near 1.3030 level since morning, while stochastic keeps fluctuating at the oversold levels, to keep the chances available for the continuation of the supported positive scenario in our last reports, which depend on the stability above the mentioned level.
The EMA50 keeps supporting the suggested bullish wave, and its targets begin by breaching 1.3100 to confirm the rally to 1.3443 that represents the next main station.
Expected trading range for today is between 1.2960 support and 1.3150 resistance.
Expected trend for today: Bullish
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