Midday update for GBPUSD 19-10-2017
Economies.com
2017-10-19 09:53AM UTC
The GBPUSD pair returns to push negatively on the bullish channel's support, which urges caution from the upcoming trading, as continuing the negative pressure and attacking 1.3096 level will force the price to turn its short term track to decline.
Until now, we will continue to suggest the bullish trend for today unless breaking 1.3096 level and holding below it, noting that the waited targets begin by breaching 1.3295 to open the way to head towards our next target at 1.3418.
Expected trading range for today is between 1.3150 support and 1.3320 resistance.
Expected trend for today: Bullish
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