Midday update for GBPUSD 01-10-2018
Economies.com
2018-10-01 09:47AM UTC
The GBPUSD pair retests 1.3055 level that represents the broken neckline of the double top pattern, to keep the negative effect of this pattern active, supported by stochastic loss to the positive momentum gradually, reminding you that our targets begin at 1.2963 and extend to 1.2800 after breaking the previous level, while holding below 1.3055 and 1.3110 levels represents key condition to continue the suggested bearish bias.
Expected trading range for today is between 1.2930 support and 1.3110 resistance.
Expected trend for today: Bearish
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