Forex

The GBPUSD achieves some intraday gains – Analysis - 18-07-2019

2019-07-18 04:49:23 GMT (Economies.com)

The GBPUSD pair provides positive trading since yesterday to approach testing the key resistance 1.2476, and the price continues to move inside the bearish channel that appears on the chart, which keeps the bearish trend scenario valid until now, supported by the negative pressure formed by the EMA50.

 

Our next target is located at 1.2300, noting that breaching 1.2476 will push the price to test 1.2590 direct before any new attempt to decline.

 

The expected trading range for today is between 1.2350 support and 1.2530 resistance.

 

The expected trend for today: Bearish

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