The GBPUSD surpasses the first target – Analysis - 29-03-2019
Economies.com
2019-03-29 05:30AM UTC
The GBPUSD pair managed to surpass our first waited target at 1.3100 and settled below it, which supports the continuation of the bearish trend expectations, waiting to head towards our next target at 1.2962, noting that stochastic current positivity might cause some temporary sideways fluctuation before resuming the bearish bias.
Holding below 1.3120 represents initial condition to continue the expected decline, as breaching it might push the price to test 1.3226 areas again 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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