The GBPUSD breaches the resistance - Analysis - 08-10-2021

2021-10-08 04:13:11 GMT (Economies.com)
 

The GBPUSD pair breached 1.3600 level clearly and settled above it, to reactivate the correctional bullish trend scenario on the intraday basis, to head towards achieving gains that start at 1.3660 followed by 1.3720.

 

Therefore, the bullish bias will be suggested for today supported by moving above the EMA50, taking into consideration that breaking 1.3600 followed by 1.3555 levels will stop the expected rise and press on the price to return to the bearish channel again.

 

The expected trading range for today is between 1.3555 support and 1.3710 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9800
0.0145
1.4976%
1.1078
0.0257
2.3784%
18.821
-0.037
0.199%
81.544
2.250
2.837%
88.67
-0.65
0.73%
1660.605
15.245
0.926%
 
 
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