GBPUSD crawls downwards – Analysis - 22-11-2018

Economies.com
2018-11-22 05:05AM UTC

The GBPUSD pair shows tight trades since yesterday and attempts to resume the bearish bias calmly, as the price keeps its stability below 1.2800, thus, no change to the expected bearish trend scenario on the intraday and short term basis, which its next target located at 1.2636, while breaching 1.2800 represents positive factor that will lead the price to visit 1.2962 before any new negative attempt.

 

Expected trading range for today is between 1.2680 support and 1.2850 resistance.

 

Expected trend for today: Bearish

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