Midday update for GBPUSD 17-10-2018
Economies.com
2018-10-17 09:46AM UTC
The GBPUSD pair trades with clear negativity to press on the EMA50, and it might test the key support 1.3085 before turning back to rise again, as stochastic approaches the oversold areas to form positive motive that we are waiting to assist to protect the price from suffering more losses.
Therefore, we will continue to suggest the bullish trend unless breaking 1.3085 level and holding below it, waiting to breach 1.3226 to confirm opening the way to head towards 1.3300 as a next main target.
Expected trading range for today is between 1.3100 support and 1.3280 resistance.
Expected trend for today: Bullish
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