GBPUSD within sideways track – Analysis - 17-08-2018
Economies.com
2018-08-17 04:15AM UTC
The GBPUSD pair shows sideways and tight trading since yesterday, keeping its stability below 1.2780 level, which keeps our bearish overview valid until now, supported by the negative pressure formed by the EMA50, waiting to test 1.2636 mainly.
Note that breaking the targeted level will extend the bearish wave to reach 1.2500 as a next main station.
Expected trading range for today is between 1.2600 support and 1.2800 resistance.
Expected trend for today: Bearish
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