GBPUSD begins with bearish gap – Analysis - 12-11-2018
Economies.com
2018-11-12 05:02AM UTC
The GBPUSD pair opens today’s trading with bearish gap that puts its below 1.2962, which urges caution from the upcoming trading, as holding below this level will force the price to suffer more losses on the short term basis, while covering the mentioned gap will revive the chances of regaining the bullish trend again.
Therefore, we prefer staying aside temporarily in order to monitor the daily candlestick according to 1.2962 level followed by detecting the next destination clearly.
Expected trading range for today is between 1.2850 support and 1.3000 resistance.
Expected trend for today: Neutral
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