Midday update for GBPUSD 18-07-2017
Economies.com
2017-07-18 10:10AM UTC
The GBPUSD pair found strong resistance at 1.3100 that forced it to decline strongly to test the critical support at 1.3030, accompanied by the release of the UK CPI data that showed negative figures, pointing that the price needs to steadfast above the mentioned support level to keep the chances for the continuation of the bullish trend.
In general, we will keep the bullish trend for today unless breaking 1.3030 level and holding below it, reminding you that breaching 1.3100 will push the price to head to 1.3443 that represents our next main target.
Expected trading range for today is between 1.3000 support and 1.3220 resistance.
Expected trend for today: Bullish
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