Midday update for GBPUSD 15-11-2018
Economies.com
2018-11-15 10:48AM UTC
The GBPUSD pair faced strong negative pressure after the resignation of Brexit minister before a while, which pushed the price to break 1.2962 followed by 1.2800 levels and settles below the last one now, hinting that the price might face more decline in the upcoming period.
Now, we prefer staying aside until we get clearer signal for the next trend, and the pair’s volatility calms down.
Expected trading range for today is between 1.2700 support and 1.2900 resistance.
Expected trend for today: Neutral
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