GBPUSD breaks the support – Analysis - 04-10-2018

2018-10-04 03:58:29 GMT (Economies.com)
GBPUSD breaks the support – Analysis - 04-10-2018
 

The GBPUSD pair succeeded to break 1.2963 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently, opening the way to head towards our next target that reaches 1.2800.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions, affected by the double top pattern that appears on the chart, noting that breaching 1.2963 will stop the decline temporarily to push the price to test 1.3055 level initially before turning back to decline again.

 

Expected trading range for today is between 1.2820 support and 1.3000 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1382
0.0071
0.6299%
1.2655
0.0057
0.4552%
14.688
0.123
0.848%
46.870
-4.340
8.476%
56.60
0.34
0.60%
1249.630
11.380
0.919%
 
 
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