Midday update for GBPUSD 09-11-2017
Economies.com
2017-11-09 10:42AM UTC
The GBPUSD pair returns to test the key support 1.3096, which represents one of the sideways range lines besides 1.3295 resistance, and as we mentioned this morning, the sideways move still expected between these levels until the price manages to breach one of them.
The current contradiction between stochastic positivity and the EMA50 negativity provides another reason for the sideways fluctuation, and to review the details of the expected targets after breaching the sideways range, please check our morning report.
Expected trading range for today is between 1.3040 support and 1.3222 resistance.
Expected trend for today: Sideways
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