GBPUSD around the moving average – Analysis - 19-02-2019

The GBPUSD pair shows some bearish bias now on its way towards a potential test to the key support 1.2830, and as we mentioned yesterday, this level represents one of the next trend keys besides 1.2962 resistance, as the price needs to breach one of these levels to detect its next destination clearly.

Therefore, we will continue with our neutrality until confirming breaching one of the mentioned levels, reminding you that breaking 1.2830 support will press on the price to return to the bearish track that targets 1.2636 level as a next main station, while breaching 1.2962 resistance will motivate the price to achieve more gains that reach 1.3100 initially.

The expected trading range for today is between 1.2800 support and 1.3000 resistance.

The expected trend for today: Neutral