Midday update for GBPUSD 05-09-2018
Economies.com
2018-09-05 09:46AM UTC
The GBPUSD pair resumes its negative trading now to reach 1.2800 level again, motivated by the negative overlapping signal provided now by stochastic, waiting for more decline to visit 1.2760 level that represents our first main target, reminding you that breaking this level will extend the bearish wave to reach 1.2636, while the expected decline will remain valid conditioned by the price stability below 1.2963.
Expected trading range for today is between 1.2750 support and 1.2930 resistance.
Expected trend for today: Bearish
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