GBPUSD is stable – Analysis - 22-05-2018
Economies.com
2018-05-22 01:12AM UTC
The GBPUSD pair keeps its stability below 1.3490 level, to keep the bearish trend scenario valid for the upcoming period, supported by the negative pressure formed by the EMA50, noting that our main targets begin at 1.3300 and extend to 1.3226.
We should note that breaching 1.3490 will stop the expected decline and push the price to attempt to regain the main bullish trend again.
Expected trading range for today is between 1.3320 support and 1.3500 resistance.
Expected trend for today: Bearish
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