Midday update for GBPUSD 22-08-2018
Economies.com
2018-08-22 10:24AM UTC
The GBPUSD pair rebounds bearishly after the price found solid resistance at 1.2900 barrier, which hints the price head to resume the main bearish trend, noting that breaking 1.2810 will confirm the continuation of the bearish bias and head towards 1.2636 as a next main station.
Until now, we will keep our bullish overview unless breaking 1.2810 level and holding below it, reminding you that our main waited target is located at 1.2963.
Expected trading range for today is between 1.2820 support and 1.3000 resistance.
Expected trend for today: Bullish
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