The GBPUSD faces negative pressure - Analysis - 24-11-2020
Economies.com
2020-11-24 02:38AM UTC
The GBPUSD pair faced strong negative pressure on yesterday’s evening to break 1.3335 level and settles below it again, but we notice that the decline stopped at the intraday bullish trend line that appears on the chart, which pushes the price to rebound bullishly, hinting the price head to resume the bullish track in the upcoming sessions.
Therefore, we expect witnessing positive trades today, noting that the main waited target reaches 1.3482, while achieving it requires holding above 1.3290.
The expected trading range for today is between 1.3250 support and 1.3430 resistance.
The expected trend for today: Bullish
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