GBPUSD settles below the broken support – Analysis - 10-01-2017
Economies.com
2017-01-10 05:32AM UTC
The GBPUSD pair ended yesterday’s trading below 1.2200 level, which confirms breaking this level and opens the way towards targeting the recorded bottom at 1.1997 as a next main station, supported by the EMA50 that effect negatively on the price.
Therefore, we will keep preferring the bearish trend in the upcoming sessions unless breaching 1.2200 level.
Expected trading range for today is between 1.2060 support and 1.2220 resistance.
Expected trend for today: Bearish
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