Midday update for the GBPUSD 08-10-2019

Economies.com
2019-10-08 09:17AM UTC

The GBPUSD pair faces more of the negative pressure to begin testing the critical support at 1.2260, which require being aware from the upcoming trading, where the continuation of the negative pressure and breaking this level will stop the positive expectations and pushes the price to visit 1.2215 level initially, while the price needs to trade above 1.2295 again, to regain the main bullish trend that its next main target located at 1.2500.

 

The expected trading range for today is between 1.2220 support and 1.2390 resistance.

 

The expected trend for today: Bullish

 

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