The GBPUSD breaches the resistance - Analysis - 05-07-2021
Economies.com
2021-07-05 04:10AM UTC
The GBPUSD pair ended last Friday with strong rise to breach 1.3805 level and settles above it now, which hints heading to recover and achieve additional gains in the upcoming period, targeting visiting 1.3890 level initially, noting that breaching this level will push the price to 1.3960 as a next positive target.
Therefore, the bullish bias will be suggested for today unless breaking 1.3805 and holding below it again.
The expected trading range for today is between 1.3750 support and 1.3910 resistance.
The expected trend for today: Bullish
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