The GBP/USD affected by the negative pattern – Analysis – 15/05/2019

eur_gbp_1The GBPUSD pair resumes its negative trading after confirming breaking 1.2962 level, noticing that the price completed forming negative pattern that its signs appear on the chart, which supports the chances of achieving our next main waited target at 1.2800.

Therefore, we will continue to suggest the bearish trend in the upcoming period, noting that breaching 1.2962 will stop the current negative pressure and push the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 1.2820 support and 1.2960 resistance.

The expected trend for today: Bearish

The GBPUSD affected by the negative pattern – Analysis - 15-05-2019

Origin: Economies

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