The GBPUSD attempts to recover - Analysis - 01-04-2021
Economies.com
2021-04-01 04:25AM UTC
The GBPUSD pair provided positive trades to surpass the correctional bearish channel’s resistance, noticing that stochastic shows clear negative signals now, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to keep our bearish overview, which targets 1.3675 followed by 1.3580 levels as next main stations, taking into consideration that holding below 1.3840 is important to continue the expected decline.
The expected trading range for today is between 1.3700 support and 1.3840 resistance.
The expected trend for today: Bearish
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