The GBPUSD keeps its negative stability – Analysis - 10-10-2019
Economies.com
2019-10-10 04:52AM UTC
The GBPUSD pair found good support base at 1.2200 barrier, to show some slight bullish bias now, affected by stochastic positivity, while the EMA50 keeps forming negative pressure against the price.
In general, the price stability below 1.2295 keeps our bearish overview valid for the upcoming period, and the price needs to surpass 1.2200 to confirm rallying towards 1.2100 that represents our next main target.
The expected trading range for today is between 1.2120 support and 1.2295 resistance.
The expected trend for today: Bearish
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