GBPUSD approaches the target – Analysis - 10-08-2018
Economies.com
2018-08-10 03:38AM UTC
The GBPUSD pair shows more decline to keep approaching 1.2800 level that represents our first target, and the price moves within minor bearish channel that reinforces the chances of extending the bearish wave on the short term basis, waiting to surpass the mentioned level to confirm opening the way to visit 1.2636 level.
Therefore, the bearish trend will remain dominant in the upcoming period, taking into consideration that breaching 1.2885 will push the price to test 1.2962 level before any new attempt to decline.
Expected trading range for today is between 1.2720 support and 1.2900 resistance.
Expected trend for today: Bearish
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