GBPUSD heads towards the resistance – Analysis - 17-11-2017
Economies.com
2017-11-17 04:26AM UTC
The GBPUSD pair provides positive trading and heads towards testing the sideways range resistance at 1.3295, noting that stochastic loses its bullish momentum, which might push the price to decline after testing the mentioned resistance.
In general, the sideways range still dominant on the intraday trading until the price manages to surpass one of its lines represented by 1.3096 support and 1.3295 resistance, reminding you that breaching this resistance will extend the pair's gains to reach 1.3419 followed by 1.3618 as next main stations, while breaking the support will push the price to test 1.2973 direct.
Expected trading range for today is between 1.3130 support and 1.3330 resistance.
Expected trend for today: Sideways
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