The GBPUSD breaks the support - Analysis - 04-02-2021
Economies.com
2021-02-04 05:54AM UTC
The GBPUSD pair broke 1.3650 level and closed the daily candlestick below it, starting today with new bearish bias to move away from the mentioned level, which pushes the price to turn to decline on the intraday basis, targeting visiting 1.3515 followed by 1.3480 levels as main negative targets.
Therefore, the bearish bias will be expected for today supported by moving below the EMA50, taking into consideration that breaching 1.3680 will stop the expected decline and leads the price to regain the main bullish trend again.
The expected trading range for today is between 1.3515 support and 1.3700 resistance.
The expected trend for today: Bearish
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