Midday update for GBPUSD 04-10-2018
Economies.com
2018-10-04 09:53AM UTC
The GBPUSD pair retests 1.2963 level that was broken previously, affected by stochastic positivity, and the price needs to hold below this level to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target reaches 1.2800.
Expected trading range for today is between 1.2820 support and 1.3000 resistance.
Expected trend for today: Bearish
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