UK: Barclays begins the positive correction – Analysis – 24-10-2018

Barclays shares price faced solid support at 160.85 during the last attack, as it forms 23.6% Fibonacci correction level, while the stability of this support line allows us to suggest some bullish correction for the near term trading, expecting to target 172.25 followed by 176.90 levels.

Therefore, we will start suggesting the bullish attempts unless the price crawled below the current support line, as it will renew the bearish bias domination that supports the attempt to decline towards the additional negative targets at 155.70 and 149.25 levels.

Expected trading range for today is between 161.00 and 172.25

Expected trend for today: Bullish