Midday update for GBPUSD 29-06-2017
Economies.com
2017-06-29 10:43AM UTC
The GBPUSD pair shows more of the bullish bias to test the psychological barrier at 1.3000, and settles near it, reinforcing the expectations for more of the upside moves on the intraday and short term basis, waiting for visiting 1.3100 level as a next main station, pointing that breaching this level will extend the bullish wave to go further to 1.3443.
The EMA50 keeps supporting the suggested bullish wave, and its continuation conditioned by holding above 1.2890 level.
Expected trading range for today is between 1.2890 support and 1.3080 resistance.
Expected trend for today: Bullish
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