The GBPUSD achieves the extended target – Analysis - 14-10-2019
Economies.com
2019-10-14 09:49AM UTC
The GBPUSD pair retests the breached neckline of the double bottom pattern, and it keeps declining to test the critical support at 1.2500 before it returns to rise again, where the effect of stochastic negativity remains valid.
Until now, we keep preferring the bullish trend in the upcoming period, conditioned by holding above the mentioned support, reminding you that our targets begin by breaching 1.2670 level to confirm the rally towards 1.2837 as a next main station.
The expected trading range for today is between 1.2520 support and 1.2700 resistance.
The expected trend for today: Bullish
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