Midday update for the GBPUSD 20-08-2019
Economies.com
2019-08-20 09:41AM UTC
The GBPUSD pair traded with strong negativity to break1.2105 level and settles below it, providing signals for the price head to return to the main bearish track, which makes us stay aside temporarily until the price confirm its attitude according to 1.2135 level, pointing that holding below it will push the price to achieve more of the downside moves and head to 1.1930 as a next negative station, while breaching it will lead the price to resume the bullish correctional track, and its initial target located at 1.2207.
The expected trading range for today is between 1.2070 support and 1.2230 resistance.
The expected trend for today: Bullish
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