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

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2062	0.0009	0.0772%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3896	0.0002	0.0115%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.311	0.792	2.988%

	Oil	64.790	0.880	1.377%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.11	-0.85	1.23%

	Gold	1814.455	24.870	1.390%
End of day analysis for Gold 06-05-2021

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