GBPUSD keeps declining – Analysis - 09-08-2018
Economies.com
2018-08-09 04:15AM UTC
The GBPUSD pair shows more bearish bias on its way to visit the bearish channel’s support line at 1.2800, to keep the bearish trend valid on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that breaking the mentioned level will push the price towards 1.2636 as a next main station.
Holding below 1.2962 is important to continue the expected decline, as breaching it will push the price to achieve intraday gains that start by testing 1.3140 areas before any new attempt to decline.
Expected trading range for today is between 1.2780 support and 1.2960 resistance.
Expected trend for today: Bearish
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