GBPUSD gets a negative signal – Analysis - 24-10-2018
Economies.com
2018-10-24 04:14AM UTC
The GBPUSD pair returns to decline after the rise that it witnessed yesterday, to approach 1.2962 level now, noticing that stochastic provides negative overlapping signal on the four hours’ time frame, waiting to motivate the price to break the mentioned level followed by opening the way to head towards 1.2900 that represents our next target.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 1.3085 level and holding above it.
Expected trading range for today is between 1.2880 support and 1.3050 resistance.
Expected trend for today: Bearish
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