The GBPUSD faces solid support - Analysis - 26-01-2022
Economies.com
2022-01-26 04:54AM UTC
The GBPUSD pair bounced bullishly after 1.3460 level formed solid support against the bearish wave, to test the key resistance 1.3530 now, accompanied by stochastic loss to the positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets extend to 1.3400, noting that breaching 1.3530 will stop the expected negative pressure and lead the price to start recovery attempts that target testing 1.3610 areas initially.
The expected trading range for today is between 1.3410 support and 1.3570 resistance.
The expected trend for today: Bearish
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