Midday update for GBPUSD 24-04-2017
Economies.com
2017-04-24 11:22AM UTC
The GBPUSD pair begins a breach process to the minor resistance that appears in the above chart, to reinforce the expectations of the bullish trend scenario efficiently in the upcoming period, easing the way towards testing 1.2890 level, where breaching it represents the extension key for the gains to reach 1.3100.
Therefore, we will keep our positive expectations for the rest of the day supported by the EMA50, pointing that holding above 1.2720 level is important to keep the chances for achieving the suggested targets.
Expected trading range for today is between 1.2700 support and 1.2900 resistance.
Expected trend for today: Bullish
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