The GBP/USD loses momentum – Analysis – 26/08/2020

gbp_cfdThe GBPUSD pair provided clear positive trades yesterday and attacked 1.3145, but it begins today with bearish bias that hints the price head to resume the intraday negative scenario, supported by stochastic loss to the positive momentum and reaching the overbought areas, waiting to head towards 1.3015 as a next main target.

On the other hand, we should note that confirming breaching 1.3145 will stop the suggested decline and leads the price to resume the main bullish trend again.

The expected trading range for today is between 1.3015 support and 1.3200 resistance.

The expected trend for today: Bearish

Origin: Economies

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