The GBPSEK surrenders to the negativity – Analysis – 14-8-2019
Economies.com
2019-08-14 09:22AM UTC
The GBPSEK pair has no escape to form new negative trades due to providing frequent negative closings below 11.7555 resistance, to notice achieving the first negative targets by reaching 11.4388.
The moving average 55 decline and settling above the current trades increase the negative pressures and agrees our negative overview, expecting to target 11.2675 followed by 11.0850 levels in the near term and medium term period.
The expected trading range for today is between 11.6000 and 11.2675
The expected trend for today: Bearish
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