The GBPUSD still negative – Analysis - 22-05-2019
Economies.com
2019-05-22 00:55AM UTC
The GBPUSD pair keeps its stability below the previously broken support line of the bearish channel, and after the positive attempt that it witnessed yesterday, the price returns to fluctuate around 1.2700 level, which keeps our bearish overview valid for the upcoming period, supported by the negative pressure formed by the EMA50.
Our next main target is located at 1.2636, noting that breaching 1.2760 might push the price to start recovery attempts that target 1.2840 areas and might extend to 1.2963 before any new attempt to decline.
The expected trading range for today is between 1.2600 support and 1.2780 resistance.
The expected trend for today: Bearish
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