Midday update for GBPUSD 11-07-2017
Economies.com
2017-07-11 09:46AM UTC
The GBPUSD pair rallies higher clearly to breach 1.2890 level and attempts to settle above it, which requires being aware from the upcoming trading, where the stability of the price above this level will stop the effect of the double top and pushes the price to return to rise again.
Stochastic reaches the overbought levels to support the chances for the continuation of the morning suggested scenario, which targets testing 1.2720 level, reminding you that holding below 1.2890 important for the continuation of the waited decline.
Expected trading range for today is between 1.2750 support and 1.2950 resistance.
Expected trend for today: Bearish
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