GBPUSD continues to decline – Analysis - 13-08-2018
Economies.com
2018-08-13 04:14AM UTC
The GBPUSD pair settles below the main bearish channel’s support line, and continues to move inside the minor channel that reinforces the chances of continuing the bearish trend in the upcoming period, noticing that the EMA50 keeps pressing negatively on the price.
Stochastic begins to lose the positive momentum gradually, to support the decline expectations, noting that our next main target reaches 1.2636, while holding below 1.2825 represents key condition to achieve the waited targets.
Expected trading range for today is between 1.2636 support and 1.2825 resistance.
Expected trend for today: Bearish
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