Midday update for GBPUSD 13-11-2017
Economies.com
2017-11-13 11:01AM UTC
The GBPUSD pair trades with clear negativity since morning to start attacking the key support 1.3096 and moves below it now, hinting the price head to achieve more decline in the upcoming period, but we need a four hours' candlestick close below the mentioned level initially to confirm extending the bearish wave towards 1.2973 as a next target.
Therefore, the sideways scenario will remain dominant until the price confirms breaking 1.3096 support or breaching 1.3295 resistance.
Expected trading range for today is between 1.3000 support and 1.3295 resistance.
Expected trend for today: Sideways
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