The GBPUSD gets a negative signal – Analysis - 22-01-2020
Economies.com
2020-01-22 05:46AM UTC
The GBPUSD pair fluctuates around the EMA50, noticing that stochastic overlapped negatively to support the chances of declining in the upcoming sessions, to continue suggesting the bearish trend on the intraday basis, which its main target located at 1.2920.
We remind you that breaking the mentioned level will extend the correctional bearish wave to reach 1.2736 as a next station, while breaching 1.3040 represents the key to rally to test the most important resistance at 1.3150 before any new attempt to decline.
The expected trading range for today is between 1.2950 support and 1.3100 resistance.
The expected trend for today: Bearish
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