The GBP/USD keeps its negative stability – Analysis – 24/01/2020

gbp_cfdThe GBPUSD pair settles below 1.3150 level, thus, no change to the bearish trend scenario that its main target located at 1.2920, noting that breaking 1.3070 will ease the mission of achieving the mentioned target.

On the other hand, note that breaching 1.3150 will stop the expected decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 1.3040 support and 1.3200 resistance.

The expected trend for today: Bearish

Origin: Economies

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