Midday update for GBPUSD 05-02-2019
Economies.com
2019-02-05 10:23AM UTC
The GBPUSD pair keeps declining to reach 1.3000 barrier now, waiting for more decline to visit 1.2962 before attempting to return to rise again.
We should note that breaking the targeted level will extend the pair’s losses to reach 1.2800 as a next station, while breaching 1.3125 will stop the current negative pressure and push the price to rise again.
The expected trading range for today is between 1.2940 support and 1.3100 resistance.
The expected trend for today: Bearish
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