GBPUSD keeps its negative stability – Analysis - 08-08-2018
Economies.com
2018-08-08 03:57AM UTC
The GBPUSD pair settles below 1.2962 level, to keep the negative pressure valid until now, supported by the EMA50 that keeps pushing the price downwards, waiting to resume the bearish bias that targets 1.2800 as a next station.
Therefore, we will continue to suggest the bearish trend for today, noting that breaching 1.2962 will push the price to achieve intraday gains that target testing 1.3060 areas initially before turning back to decline again.
Expected trading range for today is between 1.2840 support and 1.3000 resistance.
Expected trend for today: Bearish
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