Midday update for GBPUSD 08-11-2017
Economies.com
2017-11-08 10:44AM UTC
The GBPUSD pair shows some slight bearish bias on its way to test 1.3096 level, and the sideways range still dominating the intraday trading between the mentioned support and 1.3295 resistance, waiting to surpass one of these levels to detect the next destination clearly.
Stochastic and the EMA50 current negativity supports the chances of continuing the decline in the upcoming sessions, while the details of the expected targets after breaching the sideways range are explained in our morning report.
Expected trading range for today is between 1.3070 support and 1.3295 resistance.
Expected trend for today: Sideways
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