GBPUSD tests the resistance again – Analysis - 18-12-2018
Economies.com
2018-12-18 05:04AM UTC
The GBPUSD pair shows new test to 1.2636 level and keeps its stability below it until now, which keeps the bearish trend scenario valid for the upcoming period, supported by stochastic loss to the positive momentum gradually, besides the negative pressure formed by the EMA50, waiting to head towards 1.2500 initially.
We remind you that breaching 1.2636 will push the price to achieve positive targets that begin at 1.2725 followed by 1.2820.
Expected trading range for today is between 1.2500 support and 1.2700 resistance.
Expected trend for today: Bearish
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