Midday update for the GBPUSD 20-01-2020
Economies.com
2020-01-20 11:07AM UTC
The GBPUSD pair keeps providing the negative trades to settle below 1.3000 level, which supports the continuation of the bearish trend scenario for the rest of the day, which targets 1.2920 level mainly, noting that breaking this level will push the price to 1.2736 as a next correctional target, while the correctional bearish trend will remain dominant unless the price rallied to breach 1.3150 level and hold above it.
The expected trading range for today is between 1.2920 support and 1.3080 resistance.
The expected trend for today: Bearish
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