GBPUSD begins to rebound bearishly – Analysis - 30-05-2017
Economies.com
2017-05-30 02:14AM UTC
The GBPUSD pair shows bearish rebound signals now to support the chances of resuming the bearish trend in the upcoming sessions, as the price gets clear negative signal through stochastic, which we expect to motivate the price to decline today.
Therefore, our bearish trend expectations will remain valid for today, reminding you that our main target is represented by testing 1.2720 level, which breaking it represents the key to extend the bearish wave to reach 1.2550, while breaching 1.2890 will stop the current negative pressure and push the price to regain its main bullish track again.
Expected trading range for today is between 1.2720 support and 1.2900 resistance.
Expected trend for today: Bearish
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