GBPUSD is stable – Analysis - 11-02-2019

Economies.com
2019-02-11 05:22AM UTC

The GBPUSD pair keeps its stability below 1.2962 level, to keep the bearish trend scenario active until now, and the price needs to surpass 1.2885 to confirm rallying towards our next target at 1.2800.

 

We should note that breaching 1.2962 and holding above it will stop the expected decline and lead the price to start recovery new attempts that target 1.3226 areas mainly.

 

The expected trading range for today is between 1.2820 support and 1.3000 resistance.

 

The expected trend for today: Bearish

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