Midday update for GBPUSD 16-07-2018
Economies.com
2018-07-16 10:43AM UTC
The GBPUSD pair resumes the bullish bias to move away from 1.3226 support line, on its way towards a potential test to the key resistance 1.3320, noting that there is a contradiction between the EMA50 positivity and stochastic negativity, which keeps our neutrality valid until now, waiting to surpass one of the mentioned levels to detect the next destination clearly.
Expected trading range for today is between 1.3130 support and 1.3330 resistance.
Expected trend for today: Depends on the above mentioned levels
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