Midday update for GBPUSD 27-08-2018
Economies.com
2018-08-27 10:07AM UTC
The GBPUSD pair shows weak trades since morning and keeps its stability below the bearish channel’s resistance, while stochastic begins to provide negative overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the bearish trend in the upcoming sessions, which its targets begin at 1.2800 and extend to 1.2636, noting that holding below 1.2870 is important to continue the expected decline.
Expected trading range for today is between 1.2750 support and 1.2920 resistance.
Expected trend for today: Bearish
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