The GBPUSD gets a negative signal – Analysis - 16-04-2019

Economies.com
2019-04-16 03:39AM UTC

The GBPUSD pair keeps its stability below the critical resistance that is located at 1.3135, and it begin providing negative trading now, supported by the negative signal that comes from stochastic now, waiting for motivating the price to keep declining in the upcoming sessions, reminding you that our waited target at 1.2962.

 

The EMA50 supports the expected decline, while breaching 1.3135 will lead the price to visit 1.3226 before any new attempt to decline.

 

The expected trading range for today is between 1.3000 support and 1.3160 resistance.

 

The expected trend for today: Bearish

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