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Midday update for GBPUSD 22-10-2018
The GBPUSD pair continues to fluctuate at the neckline of the double top pattern and still below it, while the EMA50 keeps forming negative pressure against the price, to keep the bearish trend active for today, supported by stochastic approach to the overbought areas, waiting to visit 1.2962 level mainly, reminding you that it is important to hold below 1.3115 to continue the expected decline.
Expected trading range for today is between 1.2962 support and 1.3150 resistance.
Expected trend for today: Bearish
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Midday update for EURUSD 22-10-2018
The EURUSD pair trades with clear positivity now to attack 1.1525 level, which urges caution from the upcoming trades, as holding above this level will stop today’s suggested negative scenario and push the price towards 1.1705 initially.
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