The GBPUSD tests the resistance – Analysis - 25-03-2019
Economies.com
2019-03-25 05:20AM UTC
The GBPUSD pair provided clear positive trades on last Friday to test the key resistance 1.3226 and keeps its stability below it, accompanied by stochastic entering the overbought areas, noticing that the EMA50 forms negative pressure against the price.
Therefore, these factors support the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which targets 1.3100 followed by 1.2962 levels mainly, noting that breaching 1.3226 will stop the expected decline and push the price to turn to rise.
The expected trading range for today is between 1.3100 support and 1.3260 resistance.
The expected trend for today: Bearish
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