The GBPUSD declines clearly - Analysis - 06-12-2021
Economies.com
2021-12-06 05:04AM UTC
The GBPUSD pair traded with strong negativity in the previous sessions to reach 1.3200 barrier, reinforcing the expectations of continuing the bearish trend, and we believe that the way is open to achieve our main waited target at 1.3160.
The EMA50 keeps pressing negatively on the price, to support the expectations of continuing the bearish trend, noting that breaching 1.3355 followed by 1.3385 levels will stop the negative scenario and lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 1.3150 support and 1.3300 resistance.
The expected trend for today: Bearish
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