GBPUSD touches the first target – Analysis - 22-02-2018
Economies.com
2018-02-22 05:03AM UTC
The GBPUSD pair managed to touch our first waited target at 1.3900 and settles there now, and the price falls under negative pressure formed by the EMA50, to reinforce the chances of breaking the mentioned level and open the way to head towards our next target at 1.3796.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, supported by the organized trading inside the bearish channel that appears on the chart, noting that breaching 1.4005 forms positive factor that will push the price to attempt to regain the main bullish trend again.
Expected trading range for today is between 1.3800 support and 1.3970 resistance.
Expected trend for today: Bearish
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