Midday update for the GBPUSD 10-05-2021

Economies.com
2021-05-10 10:11AM UTC

The GBPUSD pair succeeded to achieve our extended target at 1.4080 and attempts to return to the main bullish channel, to support the chances of continuing the rise on the short term and medium term basis, noting that consolidating above 1.4080 is considered as the key to extend the bullish wave towards 1.4238.

 

The expected trading range for today is between 1.4000 support and 1.4150 resistance.

 

The expected trend for today: Bullish

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