Midday update for the GBPUSD 15-01-2020
Economies.com
2020-01-15 10:57AM UTC
The GBPUSD pair resumes its negative trading after testing the EMA50, supported by the negative signal provided now by stochastic, which supports the continuation of the bearish bias for the rest of the day, noting that our waited target is located at 1.2920, while breaching 1.3150 represents positive factor that will stop the correctional bearish scenario and leads the price to regain the main bullish trend.
The expected trading range for today is between 1.2920 support and 1.3100 resistance.
The expected trend for today: Bearish
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