GBPUSD Daily Analysis 05-02-2018

5 February 2018, 06:45
Jatin Patel

GBPUSD breaks the support – Analysis - 05-02-2018

The GBPUSD pair ended last Friday’s trading with clear negativity to break 1.4135 level and settles below it, which puts the price under the correctional bearish pressure again, targeting testing 1.4005 level initially.


Therefore, the bearish trend will be suggested in the upcoming sessions, noting that breaking the targeted level will extend the pair’s losses to reach 1.3900, while breaching 1.4135 represents the key to get rid of the current negative pressure and return to the bullish trend again.


Expected trading range for today is between 1.4000 support and 1.4200 resistance.


Expected trend for today: Bearish

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