The GBPUSD gets a negative signal - Analysis - 17-05-2021
Economies.com
2021-05-17 03:54AM UTC
The GBPUSD pair keeps its stability below the main bullish channel’s support line, and we notice that stochastic begins to overlap negatively now, which forms negative motive that we are waiting to push the price to resume the expected bearish trend for the upcoming period, which targets 1.3970 followed by 1.3915 levels as main stations.
Breaking 1.4000 will ease the mission of achieving the waited targets, while the expected decline will remain valid unless breaching 1.4110 and holding above it.
The expected trading range for today is between 1.4000 support and 1.4140 resistance.
The expected trend for today: Bearish
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