The GBPUSD breaks the first support – Analysis - 08-11-2019
Economies.com
2019-11-08 05:37AM UTC
The GBPUSD pair managed to break 1.2840 level and hold below it, starting to press on 1.2800 level now, which supports the continuation of our bearish overview in the upcoming sessions, waiting to confirm the completion of the double top pattern that will push the price to decline towards 1.2670 level that represents our next main target.
Therefore, the bearish bias will remain dominant on the intraday basis, noting that breaching 1.2840 followed by 1.2865 levels will stop the expected decline and push the price to rise again.
The expected trading range for today is between 1.2720 support and 1.2900 resistance.
The expected trend for today: Bearish
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