The GBPUSD breaks the minor support – Analysis - 26-06-2019
Economies.com
2019-06-26 04:35AM UTC
The GBPUSD pair failed to breach 1.2760 level yesterday, to rebound bearishly and break 1.2700 and settles below it, which puts the price under expected negative pressure for the upcoming period, targeting testing 1.2565 levels initially.
Therefore, the bearish bias will be suggested for today unless the price managed to rally upwards to test 1.2760 and hold above it, noting that breaking 1.2565 will push the price towards 1.2476 direct.
The expected trading range for today is between 1.2600 support and 1.2760 resistance.
The expected trend for today: Bearish
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