Midday update for GBPUSD 20-02-2017
Economies.com
2017-02-20 11:22AM UTC
The GBPUSD pair shows positive attempts now moving way gradually from the bullish channel’s support that appears in the image, which supports the continuation of the morning suggested bullish trend scenario, which gets positive motive from stochastic, waiting for testing 1.2550 level initially.
Therefore, the bullish trend will remain preferred for today, conditioned by holding above 1.2360 and 1.2339, reminding you that breaching 1.2550 will push the price to head towards 1.2720 as a next main station.
Expected trading range for today is between 1.2339 support and 1.2550 resistance.
Expected trend for today: Bullish
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