Midday update for GBPUSD 28-08-2018
Economies.com
2018-08-28 10:36AM UTC
The GBPUSD pair resumes its positive trading to move above 1.2900 barrier, which urges caution from the upcoming trading, as breaching 1.2936 followed by 1.2963 levels will stop the recently suggested negative scenario and lead the price to achieve gains on the intraday and short term basis.
Until now, the bearish trend will remain valid unless breaching the above mentioned levels, reminding you that our main targets begin at 1.2800 and extend to 1.2636.
Expected trading range for today is between 1.2760 support and 1.2950 resistance.
Expected trend for today: Bearish
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