Midday update for the GBPUSD 12-01-2021
Economies.com
2021-01-12 09:50AM UTC
The GBPUSD pair shows clear positive trades to attack 1.3550 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming breaching this level will stop the morning suggested negative scenario and push the price to resume the main bullish trend again, while the price needs to consolidate below the mentioned level to return to decline and visit 1.3430 followed by 1.3310 areas as main negative targets.
The expected trading range for today is between 1.3430 support and 1.3600 resistance.
The expected trend for today: Bearish
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