Midday update for GBPUSD 14-08-2018
Economies.com
2018-08-14 10:56AM UTC
The GBPUSD pair rallied upwards strongly to breach 1.2785 level but it returns to fluctuate around it, which urges caution from the upcoming trades, as holding with a daily close above it will stop the negative overview and push the price to rise in the upcoming sessions.
Until now, we will keep our bearish overview for today conditioned by the price stability below 1.2785, reminding you that our next main target is located at 1.2636.
Expected trading range for today is between 1.2660 support and 1.2900 resistance.
Expected trend for today: Bearish
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