GBPUSD continues to fluctuate – Analysis - 10-11-2017

The GBPUSD pair shows some bullish bias after finding solid support at 1.3096, to keep the price stuck inside the sideways range that appears on chart, which its lines represented by the mentioned support and 1.3295 resistance, waiting for more sideways fluctuation between the mentioned levels until the price succeeds to exit the mentioned range.

We remind you that breaking 1.3096 support will put the price under more negative pressure that its next target located at 1.2973, while breaching 1.3295 resistance will push the price to be released from the recent negative pressure followed by rallying to resume the main bullish trend that its main targets begin at 1.3419 and extend to 1.3618.

Expected trading range for today is between 1.3040 support and 1.3220 resistance.

Expected trend for today: Sideways