GBPUSD touches the first target – Analysis - 13-12-2017
Economies.com
2017-12-13 04:58AM UTC
The GBPUSD pair managed to touch our first waited target at 1.3295 and settles near it, and the negative effect of the double top pattern still active, waiting to push the price to break the mentioned level and head towards our next target at 1.3196.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.3419 level and holding above it, noting that the EMA50 supports the expectations to decline.
Expected trading range for today is between 1.3240 support and 1.3400 resistance.
Expected trend for today: Bearish
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