Midday update for GBPUSD 21-04-2017
Economies.com
2017-04-21 11:15AM UTC
The GBPUSD pair shows sideways trading since morning to push on the bullish pennant's support that appears on chart, and as long as the price is above 1.2720, our positive overview will remain active for today, waiting to test 1.2890 level initially.
Therefore, we will keep our bullish trend scenario that its targets extend to reach 1.3110 after breaching the last level, noting that breaking 1.2720 level will push the price to decline towards 1.2550 before any new attempt to rise.
Expected trading range for today is between 1.2720 support and 1.2900 resistance.
Expected trend for today: Bullish
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