Midday update for GBPUSD 18-05-2018

Economies.com
2018-05-18 10:44AM UTC

The GBPUSD pair returns to push on the key support 1.3490, which urges caution from the upcoming trading, as breaking this level will stop the recently suggested positive scenario and push the price to decline.

 

Until now, we will keep our morning overview unless breaking 1.3490 level and holding with a daily close below it, noting that our first target is located at 1.3710.

 

Expected trading range for today is between 1.3450 support and 1.3620 resistance.

 

Expected trend for today: Bullish

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