Midday update for the GBPUSD 17-11-2023
Economies.com
2023-11-17 10:44AM UTC
The GBPUSD pair traded with clear negativity to complete forming the double top pattern that appears on the chart, to support the continuation of the expected bearish trend for today, waiting to break 1.2380 level to confirm rallying towards our next target at 1.2297.
Stochastic continues to provide the negative signals that reinforce the expectations to decline, reminding you that it is important to hold below 1.2460 to continue the expected bearish trend.
The expected trading range for today is between 1.2320 support and 1.2460 resistance.
The expected trend for today: Bearish
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