GBPUSD faces solid support – Analysis - 03-10-2018

Economies.com
2018-10-03 04:01AM UTC

The GBPUSD pair found difficulty to break 1.2963 level, to show some slight bullish bias now, and it might head to retest the previously broken neckline of the double top pattern at 1.3055 before resuming the negative attempts again.

 

Until now, our bearish overview still valid unless breaching 1.3055 level and holding above it, reminding you that breaking 1.2963 will open the way to extend the bearish wave to reach 1.2800.

 

Expected trading range for today is between 1.2900 support and 1.3055 resistance.

 

Expected trend for today: Bearish

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