The GBPUSD breaches the resistance - Analysis - 06-10-2021
Economies.com
2021-10-06 03:58AM UTC
The GBPUSD pair breached the bearish channel’s resistance clearly and settled above it, testing the support base formed above 1.3600 level, making the bullish bias suggested for the upcoming sessions, on its way to visit 1.3720 as a next main target.
Moving above the EMA50 supports the expected rise, noting that breaking 1.3600 will stop the suggested positive scenario and press on the price to return to the bearish track again.
The expected trading range for today is between 1.3550 support and 1.3700 resistance.
The expected trend for today: Bullish
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