The GBPUSD faces negative pressure – Analysis - 09-05-2019
Economies.com
2019-05-09 00:55AM UTC
The GBPUSD pair keeps declining to test 1.3000 barrier, and it might test the key support 1.2962 before resuming the bullish bias again.
Until now, the bullish trend scenario still valid unless breaking 1.2962 level and holding with a daily close below it, supported by stochastic positivity, noting that our next main target reaches 1.3226.
The expected trading range for today is between 1.2960 support and 1.3100 resistance.
The expected trend for today: Overall Bullish
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