Midday update for GBPUSD 23-08-2018
Economies.com
2018-08-23 09:41AM UTC
The GBPUSD pair shows sideways trading since morning, settled near 1.2870, keeping the bearish trend scenario active for today, depending on the stability below the bearish channel resistance that appears in the chart, waiting for breaking 1.2810 level to confirm the rally to 1.2636 as an initial main station, being aware that breaching 1.2915 then 1.2963 levels will stop the expected decline and leads the price to turn to the upside on the short term basis.
Expected trading range for today is between 1.2760 support and 1.2960 resistance.
Expected trend for today: Bearish
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