Midday update for the GBPUSD 05-08-2021

2021-08-05 09:18:23 GMT (Economies.com)
 

The GBPUSD pair trades positively after testing 1.3875, and as we mentioned this morning, the price needs to break this level to activate the negative effect of the double top pattern followed by rallying towards our waited negative target at 1.3760.

 

In general, we will continue to suggest the bearish trend for today unless breaching 1.3955 and holding above it.

 

The expected trading range for today is between 1.3790 support and 1.3950 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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