Midday update for GBPUSD 11-10-2018
Economies.com
2018-10-11 09:53AM UTC
The GBPUSD pair shows negative trading, affected by stochastic negativity, to support the strength of the key resistance 1.3223, and we might witness some temporary decline before resuming the bullish trend again.
In general, the bullish trend will remain suggested for today unless breaking 1.3165 level and holding below it, supported by the EMA50 that carries the price from below, noting that our next target is located at 1.3315.
Expected trading range for today is between 1.3165 support and 1.3315 resistance.
Expected trend for today: Bullish
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