GBPUSD breaks the support – Analysis - 05-12-2018
Economies.com
2018-12-05 05:16AM UTC
The GBPUSD pair broke 1.2730 level strongly and settled with a daily close below it, as it approached the key support 1.2636 yesterday, to stuck between these levels, waiting to breach one of them to detect its next destination clearly.
Therefore, we will stay aside until we get clearer signal for the next trend, noting that breaking 1.2636 will push the price to suffer more losses that target 1.2500 areas initially, while breaching 1.2730 will push the price to start new recovery attempts and achieve positive targets that start at 1.2962.
Expected trading range for today is between 1.2620 support and 1.2800 resistance.
Expected trend for today: Neutral
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