The GBP/USD under the negative pressure – Analysis – 05/04/2019

gbp_cfdThe GBPUSD pair confirmed breaking 1.3130 level yesterday, to activate the bearish trend scenario on the intraday basis, expecting to continue the bearish bias to test 1.2962 mainly, noting that achieving this target requires breaking 1.3060 level.

On the other hand, we should note that breaching 1.3130 will stop the expected negative pressure and push the price to test 1.3226 initially.

The expected trading range for today is between 1.2990 support and 1.3160 resistance.

The expected trend for today: Bearish

The GBPUSD under the negative pressure – Analysis - 05-04-2019

Origin: Economies

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