Midday update for GBPUSD 09-01-2018
Economies.com
2018-01-09 10:41AM UTC
The GBPUSD pair trades with clear negativity now to attack 1.3545 level and moves below it, which hints the price head to return to the correctional bearish track, but we notice that the EMA50 attempts to protect the price from suffering more losses.
Until now, the morning suggested scenario will remain active unless we witnessed daily close below 1.3545, which will push the price to test 1.3419 areas before any new attempt to rise, reminding you that our first positive target is located at 1.3618.
Expected trading range for today is between 1.3500 support and 1.3680 resistance.
Expected trend for today: Bullish
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