GBPUSD declines again – Analysis - 29-08-2018
Economies.com
2018-08-29 05:17AM UTC
The GBPUSD pair rebounds bearishly after approaching last week high at 1.2936, to keep the negative formation valid until now, which its signs appear on the chart, waiting to break 1.2800 to activate the negative effect of this pattern followed by rallying towards 1.2636 that represents our next main target.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1.2936 followed by 1.2963 levels and holding above them.
Expected trading range for today is between 1.2760 support and 1.2950 resistance.
Expected trend for today: Bearish
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