Midday update for GBPUSD 28-03-2017
Economies.com
2017-03-28 11:33AM UTC
The GBPUSD pair continues to fluctuate at 1.2550 level, as long as the price above this level, so the bullish bias will remain preferred for today, where breaking this level will put the price under negative pressure and a potential decline to 1.2339 levels before any new positive attempts.
Therefore, we wait for positive trading in the upcoming sessions, and the next target located at 1.2720, pointing that the EMA50 keeps providing support for the suggested bullish wave.
Expected trading range for today is between 1.2500 support and 1.2720 resistance.
Expected trend for today: Bullish
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