The GBPUSD achieves the first target - Analysis - 08-03-2021
Economies.com
2021-03-08 05:02AM UTC
The GBPUSD pair succeeded to reach our first waited target at 1.3775, starting today with new bearish bias after the bullish rebound that it witnessed in the previous sessions, which support the continuation of our bearish overview, affected by the previously completed head and shoulders’ pattern, waiting to head towards 1.3675 as a next negative station.
Therefore, we are waiting for more decline in the upcoming sessions conditioned by the price stability below 1.3875 and the most important below 1.3960.
The expected trading range for today is between 1.3710 support and 1.3875 resistance.
The expected trend for today: Bearish
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