The GBPUSD breaks the support – Analysis - 17-06-2019
Economies.com
2019-06-17 04:07AM UTC
The GBPUSD pair broke 1.2636 level strongly and settled below it, falling under the negative pressure formed by the EMA50, which pushes the price to turn to decline on the intraday and short term basis, on its way to visit 1.2500 areas initially.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless the price managed to breach 1.2636 level and hold above it again.
The expected trading range for today is between 1.2500 support and 1.2660 resistance.
The expected trend for today: Bearish
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