The GBP/USD under the negative pressure – Analysis – 08/01/2020

eur_gbp_1The GBPUSD pair ended yesterday’s trading below 1.3150 level, which puts the price under the correctional bearish pressure again, to head towards potential visit to 1.2920 areas on the near term basis.

Therefore, the bearish bias will be suggested for today, noting that breaching 1.3150 followed by 1.3190 levels will stop the expected decline and lead the price to recover again.

The expected trading range for today is between 1.3030 support and 1.3200 resistance.

The expected trend for today: Bearish

Origin: Economies

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