The GBPUSD faces negative pressure - Analysis - 27-09-2021
Economies.com
2021-09-27 04:06AM UTC
The GBPUSD pair faced additional negative pressure to approach the breached resistance of the bearish channel that appears on the chart, noticing that stochastic got rid of its negativity to show oversold signals now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 1.3845 as a next main station.
On the other hand, we should note that breaking 1.3655 followed by 1.3625 levels will stop the suggested positive scenario and press on the price to decline again.
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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