GBPUSD below the resistance – Analysis - 20-11-2018

Economies.com
2018-11-20 03:58AM UTC

The GBPUSD pair settles around 1.2860 level since yesterday, and the price keeps its stability below the key resistance 1.2962, thus, no change to the bearish trend scenario, supported by the negative pressure coming by the EMA50, reminding you that we are waiting to head towards 1.2636 that represents our next main target.

 

Expected trading range for today is between 1.2750 support and 1.2920 resistance.

 

Expected trend for today: Bearish

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