GBPUSD declines strongly – Analysis - 21-09-2017
Economies.com
2017-09-21 03:43AM UTC
The GBPUSD pair traded with strong negativity yesterday after testing 1.3618 level, to approach from our first main waited target at 1.3418 now, which represents 23.6% Fibonacci level for the rise from 1.2773 to 1.3618, which means that breaking it will extend the correctional wave to reach 1.3295 as a next main station.
In general, we suggest the continuation of the negative pressure domination on the upcoming trading unless the price managed to breach 1.3618 level and hold above it.
Expected trading range for today is between 1.3380 support and 1.3550 resistance.
Expected trend for today: Bearish
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