The GBPUSD faces solid resistance – Analysis - 03-07-2020
Economies.com
2020-07-03 04:09AM UTC
The GBPUSD pair found difficulty to surpass 1.2515 level, to trade negatively and start moving away from this level, which hints that the price is on its way to decline and achieve negative targets that start at 1.2415 and extend to the key support 1.2304.
Therefore, we suggest witnessing negative trades today, taking into consideration that breaching 1.2515 will stop the expected decline and leads the price to resume the intraday bullish wave.
The expected trading range for today is between 1.2360 support and 1.2530 resistance.
The expected trend for today: Bearish
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