Midday update for GBPUSD 23-02-2018
Economies.com
2018-02-23 11:39AM UTC
The GBPUSD pair approached to test the key resistance 1.4005 and keeps its stability below it until now, while stochastic continues to provide the negative signals on the four hours’ time frame, to keep the chances valid to decline in the upcoming sessions, and the price needs to break 1.3900 level to confirm extending the bearish wave towards 1.3796.
We should note that breaching 1.4005 will stop the expected decline and push the price to achieve positive targets that start at 1.4135.
Expected trading range for today is between 1.3850 support and 1.4020 resistance.
Expected trend for today: Bearish
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