GBPUSD hits the extended target – Analysis - 26-10-2018

Economies.com
2018-10-26 04:28AM UTC

The GBPUSD pair succeeded to touch our main waited target at 1.2800 and settles near it now, noticing that the EMA50 keeps pressing negatively on the price, to reinforce the chances of continuing the bearish trend in the upcoming period, waiting to visit 1.2636 as a next main station.

 

Therefore, the bearish bias will remain suggested in the upcoming period unless breaching 1.2962 level and settling above it.

 

Expected trading range for today is between 1.2700 support and 1.2900 resistance.

 

Expected trend for today: Bearish

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