Midday update for GBPUSD 26-04-2017
Economies.com
2017-04-26 11:11AM UTC
The GBPUSD pair keeps its stability above the breached minor resistance, to keep the positive scenario active for today, noticing that stochastic attempts to get rid of its negativity on the intraday time frames, to support the chances of bouncing bullishly and resume the bullish trend.
Therefore, we will continue to suggest the bullish bias supported by the EMA50, and the targets begin by breaching 1.2890 to open the way to head towards 1.3100, while holding above 1.2720 represents key condition to continue the expected rise.
Expected trading range for today is between 1.2750 support and 1.2950 resistance.
Expected trend for today: Bullish
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