The GBPUSD pair rallies upwards again to reach the thresholds of the waited target at 1.3965, reinforcing the expectations of continuing the main bullish trend, reminding you that surpassing this level will extend the bullish wave to reach 1.4070 followed by 1.4145 levels as next targets.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, noting that holding above 1.3860 represents the first condition to continue the suggested bullish wave.

The expected trading range for today is between 1.3880 support and 1.4040 resistance.

The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2057	0.0004	0.0324%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3891	-0.0003	0.0223%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.320	0.801	3.022%

	Oil	64.714	0.804	1.258%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.16	-0.79	1.15%

	Gold	1813.740	24.155	1.350%
End of day analysis for Gold 06-05-2021

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