The GBPUSD completes the negative pattern – Analysis - 11-11-2019
Economies.com
2019-11-11 05:51AM UTC
The GBPUSD pair completed forming the double top pattern after breaking the neckline of this pattern and holding below it, to get negative motive that supports our expectations of continuing the bearish trend on the intraday basis, noting that our first target is located at 1.2670.
Therefore, we are waiting for more decline in the upcoming sessions supported by the EMA50, noting that the continuation of the expected bearish trend depends on the price stability below 1.2840.
The expected trading range for today is between 1.2700 support and 1.2860 resistance.
The expected trend for today: Bearish
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