GBPUSD surpasses the first target – Analysis - 12-12-2018
Economies.com
2018-12-12 05:19AM UTC
The GBPUSD pair bounced downwards strongly yesterday after testing 1.2636 level, which proved its strength against the price’s positive attempts, to suffer new losses and break 1.2500 level and close the daily candlestick below it, which supports the continuation of our bearish overview efficiently for the upcoming period, paving the way to head towards 1.2350 that represents our next main target.
Therefore, we suggest witnessing more decline today unless the price managed to breach 1.2636 level and hold with a daily close above it.
Expected trading range for today is between 1.2400 support and 1.2600 resistance.
Expected trend for today: Bearish
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