Midday update for the GBPUSD 01-04-2020

Economies.com
2020-04-01 10:10AM UTC

The GBPUSD pair shows slight bearish bias to approach testing the key support 1.2304 again, while stochastic attempts to gain the positive momentum gradually, and as long as the price is above the mentioned support, our bullish overview will remain active for today, supported by the EMA50, reminding you that we are waiting to target 1.2515 as a first station.

 

The expected trading range for today is between 1.2300 support and 1.2500 resistance.

 

The expected trend for today: Bullish

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