Midday update for the GBPUSD 08-05-2019
Economies.com
2019-05-08 10:04AM UTC
The GBPUSD pair shows new negative attempts to press on the EMA50, which might push the price to test the most important support at 1.2962 before any new attempt to rise.
In general, we will continue to suggest the overall bullish trend conditioned by the price stability above the mentioned support, and the price gets positive support by stochastic, reminding you that we are waiting to head towards 1.3226 that represents our next main target.
The expected trading range for today is between 1.3020 support and 1.3180 resistance.
The expected trend for today: Overall Bullish
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