The GBPUSD faces solid support - Analysis - 01-03-2021

2021-03-01 05:36:53 GMT (Economies.com)
 

The GBPUSD pair found solid support at 1.3900, to rebound bullishly and achieve some temporary gains, noticing that the EMA50 forms good intraday resistance against the price, while stochastic loses its positive momentum clearly.

 

Therefore, these factors encourage us to resume the bearish trend in the upcoming sessions, and the targets begin by breaking 1.3910 to confirm heading towards 1.3775 followed by 1.3685 levels as next main stations, taking into consideration that breaching 1.4040 will stop the expected negative pressure and lead the price to regain the main bullish trend again.

 

The expected trading range for today is between 1.3870 support and 1.4040 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0003
0.0249%
1.3887
-0.0007
0.0522%
Tadawul
10228.35
-26.53
0.26%
27.357
0.838
3.160%
64.829
0.919
1.438%
68.25
-0.71
1.03%
1814.750
25.165
1.406%
 
 
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