Midday update for the GBPUSD 11-12-2019
Economies.com
2019-12-11 10:38AM UTC
The GBPUSD pair shows sideways trading since morning and it remains above 1.3100, while stochastic approaches from the oversold levels, waiting for motivating the price to bounce higher and resume the expected bullish trend in the upcoming period, which gets a continuous support from the EMA50, where its next target located at 1.3380, while holding above 1.3025 represents an important condition for achieving it.
The expected trading range for today is between 1.3080 support and 1.3240 resistance.
The expected trend for today: Bullish
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