GBPUSD resumes the decline – Analysis - 15-08-2018
Economies.com
2018-08-15 04:16AM UTC
The GBPUSD pair resumed its negative trading clearly after the temporary rise that it witnessed yesterday, to approach our main waited target at 1.2636, and the price keeps moving inside the bearish channels that appear on the chart, which hints that the bearish trend will remain dominant on the short term and medium term basis.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 1.2760 level and holding above it, noting that breaking the targeted level will extend the pair’s losses to reach 1.2515.
Expected trading range for today is between 1.2590 support and 1.2760 resistance.
Expected trend for today: Bearish
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