Midday update for GBPUSD 18-07-2016
Economies.com
2016-07-18 10:33AM UTC
The GBPUSD pair shows slight positive trades since morning in attempt to move away from 1.3225 level, which supports the continuation of our bullish overview for today, waiting to breach 1.3470 level to activate the positive effect of the inverted head and shoulders' pattern explained in our morning report, which has positive targets that extend to reach 1.4165.
In general, we will continue to suggest the bullish trend for today unless breaking 1.3090 level and holding below it.
Expected trading range for today is between 1.3090 support and 1.3500 resistance.
Expected trend for today: Bullish
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