Midday update for the GBPUSD 27-10-2021
Economies.com
2021-10-27 09:10AM UTC
The GBPUSD pair faces strong negative pressure to break the bullish channel’s support line and reach the most important support at 1.3720, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the positive scenario active for the upcoming period, supported by stochastic positivity, which its targets begin by testing 1.3795.
Note that breaking 1.3720 will put the price under additional negative pressure that targets testing 1.3665 areas direct.
The expected trading range for today is between 1.3700 support and 1.3860 resistance.
The expected trend for today: Bullish
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