GBPUSD resumes the decline – Analysis - 21-11-2018
Economies.com
2018-11-21 05:11AM UTC
The GBPUSD pair traded negatively yesterday to settle below 1.2800 barrier, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and we believe that the way is open to visit 1.2636 level that represents our next main target.
The EMA50 supports the expected decline, which its continuation conditions holding below 1.2962.
Expected trading range for today is between 1.2680 support and 1.2850 resistance.
Expected trend for today: Bearish
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