GBPUSD under the negative pressure – Analysis - 21-01-2019
Economies.com
2019-01-21 04:55AM UTC
The GBPUSD pair failed to hold for long time above 1.2962, to trade with strong negativity and settle below 1.2900 barrier, which puts the price under expected negative pressure in the upcoming period, targeting testing 1.2760 followed by 1.2636 levels mainly.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 1.2962 and hold above it.
Expected trading range for today is between 1.2760 support and 1.2940 resistance.
Expected trend for today: Bearish
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