GBPUSD completes the negative pattern – Analysis - 15-02-2019
Economies.com
2019-02-15 05:05AM UTC
The GBPUSD pair succeeded to confirm breaking 1.2830 level after closing the daily candlestick below it, to activate the negative effect of the head and shoulders’ pattern that appears on the chart, waiting to motivate the price to provide more negative trades that target 1.2636 level as a next station.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.2830 might push the price to test 1.2962 before any new attempt to decline.
The expected trading range for today is between 1.2690 support and 1.2850 resistance.
The expected trend for today: Bearish
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