Midday update for the GBPUSD 26-03-2021
Economies.com
2021-03-26 10:10AM UTC
The GBPUSD pair continues to rise to retest the broken neckline of the double top pattern, and stochastic suffers big overbought situation, waiting to assist to push the price to resume the expected bearish trend for the upcoming period, affected by the mentioned negative pattern, waiting to visit 1.3580 as a next main target, reminding you that it is important to hold below 1.3800 to continue the expected bearish trend.
The expected trading range for today is between 1.3660 support and 1.3830 resistance.
The expected trend for today: Bearish
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