Midday update for GBPUSD 22-02-2018
Economies.com
2018-02-22 10:53AM UTC
The GBPUSD pair keeps its stability below 1.3900 level, to keep the negative pressure valid for the rest of the day, reminding you that our next main target at 1.3796, while stochastic positivity causes the current sideways fluctuation.
In general, we keep preferring the bearish trend if the price settled below 1.4005, pointing that the EMA50 forms negative pressure that supports the expected decline.
Expected trading range for today is between 1.3800 support and 1.3970 resistance.
Expected trend for today: Bearish
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