The GBPUSD achieves more bullish correction - Analysis - 18-11-2021
Economies.com
2021-11-18 05:22AM UTC
The GBPUSD pair rallied upwards to breach 1.3470 and settles above it, which opens the way to achieve more bullish correction on the intraday basis, targeting testing 1.3540 level as a next target, noting that breaching it will push the price to visit 1.3595 as a second correctional station.
The completion of the double bottom pattern that appears on the chart supports the expectations to rise in the upcoming sessions, noting that breaking 1.3470 and holding below it will stop the suggested positive scenario and press on the price to resume the bearish wave again.
The expected trading range for today is between 1.3420 support and 1.3590 resistance.
The expected trend for today: Bullish
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