GBPUSD attempts to consolidate – Analysis - 20-09-2017

The GBPUSD pair shows sideways trading since yesterday and settled above 1.3500 barrier, hinting the attempt to return to the main bullish trend and stop the bearish correction that started after touching the recent top at 1.3618.

But, until now, the negative scenario still valid unless the price managed to breach the mentioned top and hold above it, noting that the next target is located at 1.3418, supported by stochastic losing the positive momentum gradually, while breaching 1.3618 represents the key to regain the main bullish trend that its next main target located at 1.3834.

Expected trading range for today is between 1.3418 support and 1.3618 resistance.

Expected trend for today: Bearish