The GBPUSD resumes the decline – Analysis - 20-01-2020
Economies.com
2020-01-20 05:56AM UTC
The GBPUSD pair continues to decline to start pressing on 1.3000 barrier, reinforcing the expectations of continuing the correctional bearish trend, waiting to test 1.2920 level that represents 38.2% Fibonacci correction level.
Therefore, the bearish bias will remain suggested on the intraday basis, supported by moving below the EMA50, reminding you that the continuation of the expected decline depends on the price stability below 1.3150.
The expected trading range for today is between 1.2920 support and 1.3080 resistance.
The expected trend for today: Bearish
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