Midday update for GBPUSD 21-08-2017
Economies.com
2017-08-21 10:30AM UTC
The GBPUSD pair showed new test to 1.2847 level and kept its stability above it, to keep the bullish trend valid and active for today, waiting to test the initial resistance 1.2927, noting that breaching this level will ease the mission of heading towards our main targets that reach to 1.3007 followed by 1.3106.
Holding above 1.2847 represents key condition to continue the expected rise, as breaking it will push the price to test 1.2748 areas direct before any new attempt to rise.
Expected trading range for today is between 1.2800 support and 1.3000 resistance.
Expected trend for today: Bullish
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