GBPUSD tests the resistance – Analysis - 23-01-2019

Economies.com
2019-01-23 04:38AM UTC

The GBPUSD pair rallied upwards strongly yesterday to test the key resistance 1.2962, and the price keeps its stability below this level until now, which keeps the negative scenario valid until now, waiting to rebound bearishly to head towards 1.2750 that represents the first target.

 

We remind you that breaching 1.2962 and holding above it will push the price to turn to rise and test 1.3070 level initially.

 

Expected trading range for today is between 1.2850 support and 1.3000 resistance.

 

Expected trend for today: Bearish

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