Midday update for the GBPUSD 26-02-2021

2021-02-26 11:25:19 GMT (Economies.com)
 

The GBPUSD pair succeeded to touch our first waited target at 1.3900 and attempt to break it, which supports the chances of extending the bearish wave in the upcoming sessions, to suggest the continuation of the decline and head towards 1.3775 as a next main target.

 

Therefore, the bearish bias will remain dominant on the intraday basis, taking into consideration that failing to confirm breaking the current areas will lead the price to start new bullish wave that its main targets begin at 1.4120.

 

The expected trading range for today is between 1.3840 support and 1.3970 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2062
0.0009
0.0772%
1.3896
0.0002
0.0115%
Tadawul
10228.35
-26.53
0.26%
27.311
0.792
2.988%
64.790
0.880
1.377%
68.11
-0.85
1.23%
1814.455
24.870
1.390%
 
 
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