Midday update for GBPUSD 11-01-2017
Economies.com
2017-01-11 11:10AM UTC
The GBPUSD pair resumes its negative trading after leaning on the bearish channel’s resistance that appears in the image, supported by stochastic negativity that appears clearly by the four hours time frame, waiting for continuing the decline to head towards 1.1997 level that represents the next main target for the current bearish wave.
Therefore, our bearish trend expectations will remain valid for today, conditioned by holding below 1.2230 level.
Expected trading range for today is between 1.2060 support and 1.2230 resistance.
Expected trend for today: Bearish
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