GBPUSD continues to decline – Analysis - 05-02-2019
Economies.com
2019-02-05 04:53AM UTC
The GBPUSD pair shows more bearish bias to gradually approach our waited target at 1.2962, to keep the bearish trend suggested in the upcoming sessions, noting that stochastic reaches the oversold areas, which hints that there are chances to rebound bullishly and resume the bullish trend after touching the mentioned level.
In general, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.3125 and hold above it.
Expected trading range for today is between 1.2940 support and 1.3100 resistance.
Expected trend for today: Bearish
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