GBPUSD around the moving average – Analysis - 08-11-2017
Economies.com
2017-11-08 04:17AM UTC
The GBPUSD pair fluctuates around the EMA50 since yesterday, and the price still stuck inside the sideways range that its signs appear on chart, to keep the sideways trading valid until now between 1.3096 support and 1.3295 resistance, waiting to breach one of these levels to detect the next short term targets clearly.
We remind you that breaking the mentioned support will push the price to visit 1.2973 level initially, while breaching 1.3295 will open the way to return to the main bullish trend again, to start the positive targets at 1.3419 and extend to the recently recorded top at 1.3618.
Expected trading range for today is between 1.3070 support and 1.3295 resistance.
Expected trend for today: Sideways
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