The GBPUSD approaches the target - Analysis - 25-10-2021
1 year ago

The GBPUSD pair’s decline stopped at the bullish channel’s support line that appears on the chart, as it approached our waited negative target at 1.3720, to rebound bullishly and head towards resuming the main bullish trend, motivated by the positive signals provided by stochastic, waiting for more expected rise in the upcoming sessions.


Breaching 1.3795 will reinforce the expectations of continuing the bullish trend, to head towards 1.3910 areas mainly, noting that breaking 1.3720 will stop the positive scenario and press on the price to turn to decline.



The expected trading range for today is between 1.3700 support and 1.3880 resistance.


The expected trend for today: Bullish

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