GBPUSD tests the resistance – Analysis - 08-02-2019
Economies.com
2019-02-08 05:06AM UTC
The GBPUSD pair returns to fluctuate around 1.2962 level, as it found difficulty to surpass the EMA50 yesterday, waiting to get strong negative motive that supports the chances of surpassing this barrier to resume the expected bearish trend for the upcoming period.
Until now, the bearish trend scenario still valid on the intraday basis unless breaching 1.2962 level and holding above it, reminding you that our next target is located at 1.2800.
The expected trading range for today is between 1.2840 support and 1.3000 resistance.
The expected trend for today: Bearish
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