The GBPUSD completes positive pattern - Analysis - 11-03-2021
Economies.com
2021-03-11 04:51AM UTC
The GBPUSD pair surpassed 1.3905 level and settled above it, to complete forming double bottom pattern that its signs appear on the chart, opening the way to test 1.4000 as a first station, noting that breaching this level will push the price back to the bullish channel and leads to achieve more gains on the intraday and short-term basis.
Therefore, we expect witnessing more rise in the upcoming sessions, taking into consideration that breaking 1.3905 will press on the price to decline again.
The expected trading range for today is between 1.3850 support and 1.4020 resistance.
The expected trend for today: Bullish
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