Hello everyone,
GBPUSD 6H NEW FORECAST
The GBP/USD pair faced negative pressure yesterday to break the 1.2590 level and close the daily candle below it. By closely looking at the chart, we find that the price has completed the formation of a double top pattern that supports the chances of achieving negative trades, mainly targeting the 1.2513areas.
Therefore, a bearish bias will be likely for today, supported by a move below the moving average of 50. Bearing that breaching 1.2590 will stop the current negative pressure and lead the price to recover again.
The general trend expected for today: Bearish
GBPUSD 6H NEW FORECAST
The GBP/USD pair faced negative pressure yesterday to break the 1.2590 level and close the daily candle below it. By closely looking at the chart, we find that the price has completed the formation of a double top pattern that supports the chances of achieving negative trades, mainly targeting the 1.2513areas.
Therefore, a bearish bias will be likely for today, supported by a move below the moving average of 50. Bearing that breaching 1.2590 will stop the current negative pressure and lead the price to recover again.
The general trend expected for today: Bearish
