Midday update for the GBPUSD 05-11-2021
Economies.com
2021-11-05 10:42AM UTC
The GBPUSD pair resumes its strong decline to reach the thresholds of the morning suggested target at 1.3415, and the chances valid to surpass this level and achieve more bearish bias that its next target reach 1.3300 areas.
In general, we expect the continuation of the bearish bias for today conditioned by the price stability below 1.3530.
The expected trading range for today is between 1.3390 support and 1.3570 resistance.
The expected trend for today: Bearish
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