Forex

Midday update for GBPUSD 10-08-2018

2018-08-10 10:53:45 GMT (Economies.com)

The GBPUSD pair managed to surpass our first waited target at 1.2800 and declined strongly to approach 1.2700 barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next target is located at 1.2636.

 

The bearish channel continues to organized the current bearish wave, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 1.2885 to continue the expected decline for today.

 

Expected trading range for today is between 1.2720 support and 1.2900 resistance.

 

Expected trend for today: Bearish

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