Midday update for the GBPUSD 07-11-2019
Economies.com
2019-11-07 10:25AM UTC
The GBPUSD pair shows bullish bias to test the EMA50 that forms intraday resistance against the price, noting that the continuation of the rise and surpassing 1.2880 barrier will stop the morning suggested decline and lead the price to rise again.
Note that the price needs to break 1.2840 followed by 1.2800 levels to confirm the activation of the expected bearish trend for today, which its next main target located at 1.2670.
The expected trading range for today is between 1.2730 support and 1.2930 resistance.
The expected trend for today: Bearish
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