The GBPUSD declines calmly – Analysis - 27-01-2020

Economies.com
2020-01-27 05:51AM UTC

The GBPUSD pair shows calm bearish bias to surpass 1.3070 level and settles below it, which supports the expectations of continuing the bearish trend in the upcoming sessions, opening the way to visit 1.2920 level that represents our main target.

 

Therefore, we will keep our bearish trend scenario that will remain dominant 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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