GBPUSD faces negative pressure – Analysis - 01-02-2019
Economies.com
2019-02-01 05:10AM UTC
The GBPUSD pair found difficulty to confirm the stability above 1.3125 level, to decline again and heads towards testing 1.3000 followed by 1.2962 areas in the upcoming period, making the bearish bias suggested for today.
Note that stochastic attempts to gather the positive momentum gradually, waiting to motivate the price to resume the bullish trend after the expected temporary decline of the upcoming period, noting that breaching 1.3125 will motivate the price to rally towards 1.3226 initially.
Expected trading range for today is between 1.3000 support and 1.3190 resistance.
Expected trend for today: Bearish
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