The GBPUSD consolidates above the support - Analysis - 27-10-2021

2021-10-27 04:28:01 GMT (Economies.com)
 

The GBPUSD pair attempted to breach 1.3795 but it couldn’t manage to hold for long time above it, to fluctuate at the bullish channel’s support line again, noticing that stochastic provides new positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 1.3910.

 

The EMA50 continues to protect the suggested bullish wave, which will remain valid unless breaking 1.3720 and holding below it.

 

The expected trading range for today is between 1.3700 support and 1.3860 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0525
0.0083
0.7968%
1.2245
0.0197
1.6364%
22.757
1.401
6.563%
81.354
6.925
9.304%
86.92
-0.03
0.03%
1803.025
52.550
3.002%
 
 
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