The GBPUSD declines strongly - Analysis - 17-06-2021
Economies.com
2021-06-17 04:12AM UTC
The GBPUSD pair bounced downwards strongly yesterday to surpass 1.4030 level and reaches the thresholds of 1.3960 level, and we expect achieving more bearish correction in the upcoming sessions, it might be preceded by some temporary rise to retest 1.4030 level before turning back to decline again.
Therefore, the bearish trend will remain suggested on the intraday basis, taking into consideration that breaching 1.4030 will lead the price to achieve additional gains and test 1.4110 level before determining the next destination clearly.
The expected trading range for today is between 1.3910 support and 1.4070 resistance.
The expected trend for today: Bearish
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