Forex

Midday update for the GBPUSD 08-11-2019

2019-11-08 10:37:52 GMT (Economies.com)

The GBPUSD pair keeps its stability below 1.2840 level, and we still waiting to break 1.2800 level to confirm the continuation of the bearish trend in the upcoming sessions, depending on the formation of the double top pattern that its signs appear on the chart, waiting to visit 1.2670 as a next main target, noting that the continuation of the expected decline conditions the price stability below 1.2840 and 1.2865 levels.

 

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

 

The expected trend for today: Bearish

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