Midday update for GBPUSD 20-09-2017
Economies.com
2017-09-20 10:22AM UTC
The GBPUSD pair rallied upwards strongly to approach from the key resistance 1.3618, which reinforce the hints of heading towards a return to the main bullish trend and stop the correctional bearish pressure, but we still keeping the morning suggested scenario unless breaching the mentioned resistance and holding above it.
Therefore, we will be waiting for negative trading to test 1.3418 level mainly, noting that stochastic loses its positive momentum gradually to support the chances of achieving the suggested decline.
Expected trading range for today is between 1.3418 support and 1.3618 resistance.
Expected trend for today: Bearish
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