GBPUSD gets a negative signal – Analysis - 02-08-2018
Economies.com
2018-08-02 03:52AM UTC
The GBPUSD pair begins today’s trading with clam bearish bias to approach the neckline of the head and shoulders’ pattern that its signs appear on the chart, waiting to break 1.3095 level to activate the negative effect of this pattern followed by rallying to resume the main bearish trend.
Stochastic provides negative signal that supports the chances of achieving the required break, to continue suggesting the bearish trend on the intraday and short term basis conditioned by the price stability below 1.3226, reminding you that our main waited target is located at 1.2962.
Expected trading range for today is between 1.3000 support and 1.3200 resistance.
Expected trend for today: Bearish
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