The GBPUSD draws negative pattern - Analysis - 05-08-2021
Economies.com
2021-08-05 04:25AM UTC
The GBPUSD pair broke 1.3890 level and settled below it, noticing that the price completed forming double top pattern that its signs appear on the chart, as it tests the neckline at 1.3875, thus, breaking this level will put the price under more negative pressure to head towards visiting 1.3760 initially.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 1.3955 and hold above it.
The expected trading range for today is between 1.3790 support and 1.3950 resistance.
The expected trend for today: Bearish
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