The GBPUSD continues to decline – Analysis - 25-04-2019
Economies.com
2019-04-25 04:18AM UTC
The GBPUSD pair attempted to break 1.2900 barrier and settles near it now, to keep the bearish trend scenario active on the intraday and short term basis, depending on the price stability below 1.2962 and 1.3005 levels, waiting to visit 1.2800 level that represents our next main target.
The EMA50 supports the suggested bearish wave, while breaching the above mentioned levels will stop the current negative scenario and push the price to achieve gains that start at 1.3120 and might extend to 1.3226 on the near term basis.
The expected trading range for today is between 1.2810 support and 1.2980 resistance.
The expected trend for today: Bearish
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