Midday update for GBPUSD 06-08-2018
Economies.com
2018-08-06 09:54AM UTC
The GBPUSD pair succeeded to touch our waited target at 1.2962 and presses negatively on this level to move below it now, which reinforces the expectations of extending the bearish wave on the short term and medium term basis, paving the way to head towards 1.2815 followed by 1.2636 levels as next main stations.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1.3090 level and holding above it.
Expected trading range for today is between 1.2900 support and 1.3090 resistance.
Expected trend for today: Bearish
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