GBPUSD is stable below the broken support – Analysis - 17-12-2018
Economies.com
2018-12-17 05:02AM UTC
The GBPUSD pair settles below 1.2636 level, to keep the negative pressure valid on the intraday and short term basis, waiting to resume the bearish bias that targets testing 1.2500 level initially.
Breaking the mentioned level will extend the bearish wave to reach 1.2350, while breaching 1.2636 will stop the expected decline and lead the price to achieve gains that start at 1.2720 followed by 1.2835.
Expected trading range for today is between 1.2480 support and 1.2650 resistance.
Expected trend for today: Bearish
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