Midday update for the GBPUSD 04-08-2020
Economies.com
2020-08-04 09:38AM UTC
The GBPUSD pair returns to test the intraday bullish trend line that appears on the chart, and the price needs to consolidate above this level as an initial condition to continue the recently suggested positive scenario, which its main targets begin at 1.3200, noting that breaking 1.3000 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.3000 support and 1.3180 resistance.
The expected trend for today: Bullish
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