Midday update for the GBPUSD 27-10-2020
Economies.com
2020-10-27 10:38AM UTC
The GBPUSD pair returns to test 1.3000 level, and it needs to consolidate above this level to keep the bullish trend active for today, which its targets begin at 1.3225.
On the other hand, we should note that breaking 1.3000 followed by 1.2960 levels will put the price under new negative pressure that targets 1.2860 areas initially.
The expected trading range for today is between 1.2960 support and 1.3140 resistance.
The expected trend for today: Bullish
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