Forex

Midday update for the GBPUSD 26-11-2020

2020-11-26 10:07:14 GMT (Economies.com)

The GBPUSD pair faces negative pressure to head towards potential test to the key support 1.3315, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend valid on the intraday and short term basis, as breaking it represents negative factor that will push the price to suffer losses that reach 1.3190 initially, while consolidating above it is required to resume the bullish trend that its next target located at 1.3482.

 

The expected trading range for today is between 1.3300 support and 1.3482 resistance.

 

The expected trend for today: Bullish

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