The GBPUSD resumes the decline – Analysis - 12-04-2019
Economies.com
2019-04-12 04:07AM UTC
The GBPUSD pair bounced bearishly yesterday after 1.3100 level proved its strength against the price’s recent positive attempts, to resume the expected bearish track on the intraday basis, which targets visiting 1.2962 level mainly.
Therefore, the bearish bias will remain dominant in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1.3100 will push the price to test the key resistance 1.3226 before any new attempt to decline.
The expected trading range for today is between 1.2962 support and 1.3120 resistance.
The expected trend for today: Bearish
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