The GBPUSD faces negative pressure - Analysis - 03-02-2021

Economies.com
2021-02-03 05:14AM UTC

The GBPUSD pair faced strong negative pressure yesterday and attempted to break 1.3650 level, but it ended trades above it, which keeps the positive scenario active until now, waiting to head towards 1.3815 areas mainly.

 

We should note that breaking 1.3650 and holding below it will put the price under additional negative pressure that targets visiting 1.3520 followed by 1.3470 levels before any new attempt to rise.

 

The expected trading range for today is between 1.3600 support and 1.3770 resistance.

 

The expected trend for today: Bullish

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