Midday update for the GBPUSD 07-04-2020
Economies.com
2020-04-07 10:36AM UTC
The GBPUSD pair attempted to breach 1.2304 level but it returns to trade below it, which keeps the bearish trend scenario valid for today, waiting to head towards 1.2093 as a next main station, taking into consideration that breaching 1.2304 followed by 1.2355 levels will stop the expected decline and push the price to visit 1.2515 initially.
The expected trading range for today is between 1.2150 support and 1.2350 resistance.
The expected trend for today: Bearish
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