GBPUSD under the negative pressure – Analysis - 16-11-2018
Economies.com
2018-11-16 05:05AM UTC
The GBPUSD pair ended yesterday’s trading below 1.2800, which puts the price under more expected negative pressure in the upcoming sessions, targeting visiting 1.2636 level as a next main station.
Therefore, the bearish bias will be suggested for today supported by the EMA50, unless the price rallied to breach 1.2962 level and hold above it.
Expected trading range for today is between 1.2680 support and 1.2850 resistance.
Expected trend for today: Bearish
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