Midday update for GBPUSD 12-09-2017
Economies.com
2017-09-12 09:25AM UTC
The GBPUSD pair rallied upwards strongly after confirming activating the bullish flag pattern mentioned this morning, to keep the bullish trend scenario valid efficiently for the rest of the day, as it touches our first waited target at 1.3266 and attempts to breach it, reminding you that this breach will push the price towards 1.3445 as a next main station.
We should note that holding above 1.3107 is important to continue the expected rise, as breaking it will push the price to test 1.3007 areas before any new attempt to rise.
Expected trading range for today is between 1.3107 support and 1.3300 resistance.
Expected trend for today: Bullish
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