Forex

Midday update for the GBPUSD 16-08-2019

2019-08-16 10:33:28 GMT (Economies.com)

The GBPUSD pair shows new positive trades to attack 1.2135 level, which urges caution from the upcoming trading, as continuing the rise and confirming breaching this level will stop the recently suggested negative scenario and push the price to achieve more correctional bullish targets that reach 1.2207 followed by 1.2265 initially, while the waited targets for today begin by breaking 1.2080 followed by 1.2015 to reinforce the chances of heading towards 1.1930 mainly.

 

The expected trading range for today is between 1.1980 support and 1.2160 resistance.

 

The expected trend for today: Bearish

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