GBPUSD completes a negative pattern – Analysis - 01-10-2018
Economies.com
2018-10-01 04:03AM UTC
The GBPUSD pair confirmed breaking 1.3055 level after closing last week below it, to complete forming double top pattern that its signs appear on the chart, which means that the price will face negative pressure that will push it to surpass our waited target at 1.2963 and reach 1.2800 areas.
Therefore, the bearish trend will remain expected in the upcoming sessions supported by the EMA50, noting that breaching 1.3055 followed by 1.3110 levels will push the price to achieve intraday gains that target testing 1.3226 areas initially.
Expected trading range for today is between 1.2930 support and 1.3110 resistance.
Expected trend for today: Bearish
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