Midday update for the GBPUSD 16-05-2019
Economies.com
2019-05-16 09:32AM UTC
The GBPUSD pair resumes its negative trading in attempt to touch our first waited target at 1.2800, and we expect the continuation of the bearish trend on the intraday and short term basis depending on the price stability below 1.2962, as the price is affected by the previously completed head and shoulders’ pattern, reminding you that our extended target reaches 1.2636.
The expected trading range for today is between 1.2750 support and 1.2900 resistance.
The expected trend for today: Bearish
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