The GBPUSD crawls downwards – Analysis - 28-01-2020
Economies.com
2020-01-28 05:58AM UTC
The GBPUSD pair resumed its negative trades after the temporary rise that it witnessed yesterday, to move below the EMA50 again, which supports the continuation of the expected bearish trend scenario on the intraday basis, which targets 1.2920 level as a first correctional station.
Therefore, we are waiting for more decline in the upcoming sessions conditioned by the price stability below 1.3150.
The expected trading range for today is between 1.2970 support and 1.3130 resistance.
The expected trend for today: Bearish
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