Midday update for GBPUSD 18-08-2017
Economies.com
2017-08-18 11:07AM UTC
The GBPUSD pair trades with clear positivity to start testing the minor resistance 1.2927, waiting to breach this level to reinforce the expectations of continuing the bullish trend, and the price gets positive motive through stochastic to support the chances of achieving more gains for the rest of the day.
Therefore, the bullish trend will remain active on the intraday and short term basis, and the main targets reach to 1.3007 followed by 1.3106, taking into consideration that breaking 1.2847 will stop the expected rise and push the price to suffer more losses on the short term basis.
Expected trading range for today is between 1.2840 support and 1.3010 resistance.
Expected trend for today: Bullish
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