The GBPUSD within tight track – Analysis - 21-01-2020
Economies.com
2020-01-21 05:38AM UTC
The GBPUSD pair shows sideways and tight trades and settles around 1.3000, noticing that stochastic lost its positive momentum to show clear overbought signals, which supports the chances of resuming the expected bearish trend for the upcoming period, which its next target located at 1.2920.
Therefore, we will continue to suggest the bearish trend supported by the EMA50, noting that breaching 1.3040 will push the price to test 1.3150 before any new attempt to decline.
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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