Midday update for the GBPUSD 23-03-2021
Economies.com
2021-03-23 10:20AM UTC
The GBPUSD pair succeeded to achieve our waited target at 1.3775 and attempts to break it, to hint the price head to start correctional bearish wave on the short term basis, noting that confirming the break will push the price to 1.3580 as a next negative target, taking into consideration that bouncing bullishly and breaching 1.3870 will stop the negative pressure and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.3720 support and 1.3870 resistance.
The expected trend for today: Bearish
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