Midday update for GBPUSD 13-12-2017

Economies.com
2017-12-13 10:31AM UTC

The GBPUSD pair retested the previously broken neckline of the double top pattern again and keeps its stability below it until now, which keeps our bearish overview valid for today, reminding you that breaking 1.3295 will confirm rallying towards our next target at 1.3196.

 

In general, we will keep our bearish overview for the upcoming period conditioned by holding below 1.3419.

 

Expected trading range for today is between 1.3240 support and 1.3400 resistance.

 

Expected trend for today: Bearish

 

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