GBPUSD awaits the confirmation signal – Analysis - 17-07-2018

The GBPUSD pair approached 1.3300 barrier yesterday but it bounced bearishly to settle around 1.3226 support, which makes us continue with our neutrality until the price confirms surpassing one of the key levels represented by the mentioned support and 1.3350 resistance to detect the next targets clearly.

We remind you that breaking the mentioned support will press the price to resume the bearish track that its main targets begin at 1.3155 and extend to 1.2962, while breaching the resistance will lead the price to achieve positive targets that reach 1.3490 on the near term basis.

Expected trading range for today is between 1.3130 support and 1.3330 resistance.

Expected trend for today: Depends on the above mentioned levels