Midday update for the GBPUSD 03-04-2020
Economies.com
2020-04-03 10:41AM UTC
The GBPUSD pair faces negative pressure to break 1.2304 level and moves below it now, which urges caution from the upcoming trading, as confirming the break by closing the daily candlestick below this level will stop the correctional bullish scenario and push the price to resume the main bearish trend, which its targets begin at 1.2093 and extend to 1.1832.
The expected trading range for today is between 1.2200 support and 1.2550 resistance.
The expected trend for today: Bullish
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