Midday update for the GBPUSD 16-10-2019
Economies.com
2019-10-16 10:01AM UTC
The GBPUSD pair trades with a clear negativity to test the critical support at 1.2670, which requires being aware from the upcoming trading, where the continuation of the negative pressure will push the price to achieve more of the downside moves on the intraday basis and visit 1.2500 level before any new attempt to rise, while we wait for a bullish rebound to resume the bullish trend that conditioned by holding above the mentioned support, while its next main target at 1.2837.
The expected trading range for today is between 1.2670 support and 1.2850 resistance.
The expected trend for today: Bullish
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