GBPUSD loses momentum – Analysis - 29-10-2018
Economies.com
2018-10-29 04:22AM UTC
The GBPUSD pair could not manage to confirm the stability below 1.2800 until now, to move above it, noticing that stochastic loses its positive momentum clearly to enter the overbought areas, while the EMA50 keeps pressing negatively on the price.
Therefore, we will continue to suggest the bearish trend that its next target located at 1.2636, reminding you that it is important to hold below 1.2962 to continue the expected decline.
Expected trading range for today is between 1.2730 support and 1.2900 resistance.
Expected trend for today: Bearish
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