Midday update for GBPUSD 21-07-2017
Economies.com
2017-07-21 10:35AM UTC
The GBPUSD pair shows some slight bullish bias to approach from testing the key resistance 1.3030, and as we mentioned this morning, holding below this level keeps the bearish trend scenario valid for today, which targets visiting 1.2890 level mainly.
We remind you that breaching 1.3030 will stop the expected decline and push the price to return to the bullish trend that its targets begin at 1.3100 and extend to go further towards 1.3445.
Expected trading range for today is between 1.2850 support and 1.3050 resistance.
Expected trend for today: Bearish
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