Midday update for GBPUSD 16-11-2017

Economies.com
2017-11-16 10:41AM UTC

The GBPUSD pair shows more sideways trading settling around the EMA50, thus, the sideways range will remain dominant on the intraday trading until the price succeeds to breach one of this range's lines, represented by 1.3096 support and 1.3295 resistance.

 

The details of the expected targets after the breach are explained in our morning report.

 

Expected trading range for today is between 1.3070 support and 1.3295 resistance.

 

Expected trend for today: Sideways

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