The GBP/USD attempts positively – Analysis – 26/02/2020

eur_gbp_1The GBPUSD pair settled above the intraday bearish channel’s resistance, but we notice that Stochastic shows clear overbought signals, to forms negative motive that we expect to push the price to decline again, waiting to test 1.2920 level initially, reminding you that breaking this level will open the way to visit the next correctional level that reaches 1.2736.

Therefore, we suggest witnessing negative trades today unless breaching 1.3050 level and holding above it.

The expected trading range for today is between 1.2880 support and 1.3050 resistance.

The expected trend for today: Bearish

Origin: Economies

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