GBPUSD breaks the support – Analysis - 11-12-2017
Economies.com
2017-12-11 04:54AM UTC
The GBPUSD pair fell under strong negative pressure in the previous sessions to break 1.3419 level and settles below it, which pushes the price out of the bullish channel and put it within the correctional bearish track again, targeting testing 1.3295 level initially.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless we witnessed clear breach and hold above 1.3419, noting that breaking the targeted level will push the price to extend its bearish correction towards 1.3196.
Expected trading range for today is between 1.3295 support and 1.3500 resistance.
Expected trend for today: Bearish
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