The GBPUSD begins bearish correction - Analysis - 07-08-2020
Economies.com
2020-08-07 04:13AM UTC
The GBPUSD pair trades with clear negativity by today’s open to attack the intraday bullish trend line and moves below it, which hints the beginning of correctional bearish wave on the intraday basis for the rise measured from 1.2251 to 1.3185, to head towards achieving negative targets that start by testing 1.2965.
Therefore, we suggest witnessing more decline today, noting that breaching 1.3185 will stop the current negative pressure and leads the price to regain the main bullish track.
The expected trading range for today is between 1.3010 support and 1.3290 resistance.
The expected trend for today: Bearish
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