GBPUSD is under the negative pressure – Analysis - 07-12-2017
Economies.com
2017-12-07 05:08AM UTC
The GBPUSD pair broke the bullish channel's support and settled below it, which puts the price under the correctional bearish pressure again, targeting testing 1.3295 level initially, noting that breaking this level will extend the pair's losses to reach 1.3196 level as a next station.
The EMA50 forms negative pressure now to support the expected decline, noting that breaching 1.3419 will stop the expected decline and push the price to return to the main bullish trend again.
Expected trading range for today is between 1.3295 support and 1.3450 resistance.
Expected trend for today: Bearish
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