Midday update for the GBPUSD 12-08-2019
Economies.com
2019-08-12 10:40AM UTC
The GBPUSD pair shows positive trading to test the key resistance 1.2080, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active for today, as breaching it will lead the price to achieve additional gains that reach 1.2150 direct, while the EMA50 forms negative pressure to support the chances of resuming the bearish trend that its next main target located at 1.1930.
The expected trading range for today is between 1.1930 support and 1.2100 resistance.
The expected trend for today: Bearish
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