Midday update for GBPUSD 03-08-2018
Economies.com
2018-08-03 10:29AM UTC
The GBPUSD pair continues to decline strongly to reach our main waited target at 1.2962, and the chances seem valid to break this level and extend the bearish wave on the short term and medium term basis, as the price moves inside a bearish channel that has negative targets that reach 1.2805.
Therefore, the bearish trend will remain dominant in the upcoming period unless breaching 1.3135 level and holding above it.
Expected trading range for today is between 1.2900 support and 1.3100 resistance.
Expected trend for today: Bearish
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