GBPUSD tests the support – Analysis - 09-11-2017

The GBPUSD pair tested the key support 1.3096, which represents the sideways range support that confines the recent trades as appears on chart, as we witness positive signals through stochastic that support the chances of achieving some gains in the upcoming sessions, and the price might head to test 1.3295 resistance.

In general, we will continue to suggest the sideways move on the intraday basis between the above mentioned levels, reminding you that breaking 1.3096 support will push the price to visit 76.4% Fibonacci correction level at 1.2973 direct, while breaching 1.3295 represents the key to return to the main bullish trend that its targets begin at 1.3419 and extend to 1.3618.

Expected trading range for today is between 1.3040 support and 1.3222 resistance.

Expected trend for today: Sideways