The GBPSEK still bearish – Analysis – 26-1-2021

The provided some positive rebound recently, affected by the stability of 11.0282 support line in addition to stochastic approach to 80 level, to fluctuate near 11.3282 level, these factors won’t affect the main bearish track, to expect the beginning of gathering the negative momentum as long as 38.2% Fibonacci correction level forms additional resistance at 11.5455, to attempt to press on the support and find an exit to resume the negative attack in the upcoming period.

The expected trading range for today is between 11.4620 and 11.0300

The expected trend for today: Bearish