The GBP/USD attempts positively – Analysis – 03/06/2019

usd_gbp_news_2The GBPUSD pair attempts to breach 1.2636 but it’s still below it until now, accompanied by stochastic reach to the overbought areas, while the EMA50 keeps pressing negatively on the price.

Therefore, these factors encourage us to keep our bearish overview that depends on the price stability below 1.2636, while its targets begin at 1.2550 and extend to 1.2400.

The expected trading range for today is between 1.2550 support and 1.2680 resistance.

The expected trend for today: Bearish

The GBPUSD attempts positively – Analysis - 03-06-2019

Origin: Economies

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