Forex

The GBPUSD achieves some gains – Analysis - 15-01-2020

2020-01-15 05:46:42 GMT (Economies.com)

The GBPUSD pair traded positively yesterday to move above 1.3000 barrier, noticing that stochastic lost its positive momentum and shows overbought signals now, while the EMA50 forms negative pressure against the price.

 

Therefore, we believe that the chances valid to resume the expected bearish trend for the upcoming period, which targets testing 1.2920 as a next station, reminding you that the continuation of the correctional bearish wave depends on the price stability below 1.3150.

 

The expected trading range for today is between 1.2920 support and 1.3100 resistance.

 

The expected trend for today: Bearish

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