The GBPUSD finds solid resistance – Analysis - 16-07-2019
Economies.com
2019-07-16 04:48AM UTC
The GBPUSD pair found solid resistance at 1.2575 yesterday, to rebound bearishly and move near 1.2500 barrier, and as long as the price is above 1.2476, our bullish overview will remain active for today, waiting to test 1.2655 level mainly.
We should note that breaking 1.2476 and holding below it would stop the positive scenario and press on the price to resume the decline inside the bearish channel that appears on the chart.
The expected trading range for today is between 1.2450 support and 1.2600 resistance.
The expected trend for today: Bullish
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