Midday update for GBPUSD 03-10-2016
Economies.com
2016-10-03 10:09AM UTC
The GBPUSD pair traded with strong negativity to attack the key support levels 1.2913 followed by 1.2864 and attempts to hold below the last level, which makes us stop this morning suggested bullish trend scenario and stay aside in order to monitor the daily candlestick close according to 1.2864 level, as holding below it represents the key to resume the short term bearish trend to head towards 1.2700 areas initially.
On the other hand, returning to trade above 1.2913 level will reactivate the positive scenario.
Expected trading range for today is between 1.2750 support and 1.3000 resistance.
Expected trend for today: Neutral
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