GBPUSD finds solid support – Analysis - 14-11-2017

The GBPUSD pair attempted to break 1.3096 level but it could not manage to hold below it, to keep the price confined inside the sideways range that appears on chart, which its lines represented by the mentioned support and 1.3295 resistance.

Therefore, we expect witnessing more positive trading until the price manages to exit the mentioned range, reminding you that breaking the support will push the price to visit 76.4% Fibonacci correction level at 1.2973 as a next target, while breaching the resistance will lead the pair to return to the main bullish trend, targeting visiting 1.3419 followed by 1.3618 levels on the near term basis.

Expected trading range for today is between 1.3000 support and 1.3220 resistance.

Expected trend for today: Sideways