The GBPUSD faces solid resistance - Analysis - 12-10-2021

2021-10-12 03:33:21 GMT (Economies.com)
 

The GBPUSD pair couldn’t manage to breach 1.3660 yesterday, to rebound bearishly and settles below 1.3600, noticing that the price begins today with new bullish bias affected by stochastic positivity, to provide positive chances to resume the positive attempts and head to test the mentioned resistance again, reminding you that breaching this resistance will open the way to achieve additional gains that start at 1.3795 and 1.3865.

 

Therefore, the bullish bias will be suggested for today, taking into consideration that failing to step above 1.3600 will put the price under additional negative pressure and turns the intraday track to the downside.

 

The expected trading range for today is between 1.3530 support and 1.3700 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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