GBPUSD confirms the break – Analysis - 07-08-2018
Economies.com
2018-08-07 04:17AM UTC
The GBPUSD pair managed to confirm breaking 1.2962 level after closing the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, noting that our next targets extend to reach 1.2810 followed by 1.2636.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.2962 might push the price to achieve intraday gains that start at 1.3060 and extend to 1.3155 before any new attempt to decline.
Expected trading range for today is between 1.2840 support and 1.3000 resistance.
Expected trend for today: Bearish
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