Midday update for GBPUSD 08-10-2018

2018-10-08 09:38:01 GMT (Economies.com)
Midday update for GBPUSD 08-10-2018
 

The GBPUSD pair trades with clear negativity now to press on the key support 1.3065, which urges caution from the upcoming trades, as confirming breaking this level will push the price back to the bearish track and test 1.2963 initially, while settling above it will lead the price to rise towards 1.3223.

 

Therefore, we prefer staying aside temporarily until the price confirms its situation to the key level 1.3065.

 

Expected trading range for today is between 1.3000 support and 1.3223 resistance.

 

Expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1584
0.0039
0.3365%
1.3159
0.0072
0.5475%
14.709
0.112
0.764%
71.640
0.157
0.219%
80.78
0.35
0.44%
1227.335
9.675
0.795%
 
 
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