The GBPUSD continues to fluctuate - Analysis - 16-07-2021
Economies.com
2021-07-16 04:40AM UTC
The GBPUSD pair fluctuates inside the sideways range that its lines represented by 1.3805 support and 1.3890 resistance, to suggest the domination of the sideways bias on the intraday basis until the price manages to breach one of these levels followed by detecting its next targets clearly.
Note that breaking the mentioned support will push the price to resume the main bearish wave that its next target located at 1.3670, while breaching the resistance represents positive factor that will lead the price to achieve gains that start at 1.3960.
The expected trading range for today is between 1.3750 support and 1.3920 resistance.
The expected trend for today: Sideways
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