GBPUSD below the resistance – Analysis - 22-07-2016
Economies.com
2016-07-22 03:50AM UTC
The GBPUSD pair kept its stability below 1.3225 level, which keeps the bearish trend scenario valid until now, supported by the EMA50, waiting to resume the negative effect of the head and shoulders' pattern that appears on chart, which its targets reach to 1.2935 then 1.2825.
Note that breaching 1.3225 level will stop the suggested negative expectations and lead the price to begin recovery trip that its main targets begin at 1.3470 and extend further towards 1.3834.
Expected trading range for today is between 1.3000 support and 1.3350 resistance.
Expected trend for today: Bearish
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