The GBPUSD breaks the support – Analysis - 06-04-2020
Economies.com
2020-04-06 05:00AM UTC
The GBPUSD pair confirmed breaking 1.2304 level after closing the daily candlestick below it, which stops the positive overview and puts the price under the negative pressure again, on its way to achieve negative targets that start at 1.2093 and extend to 1.1832 after breaking the previous level.
Therefore, we expect witnessing negative trades today, taking into consideration that breaching 1.2304 and holding above it again will lead the price to rise and target 1.2515 level as a next correctional station.
The expected trading range for today is between 1.2100 support and 1.2350 resistance.
The expected trend for today: Bearish
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