The GBPUSD forms positive pattern - Analysis - 11-10-2021

2021-10-11 04:09:15 GMT (Economies.com)
 

The GBPUSD pair kept its stability above the support base formed above 1.3600, to resume its positive trades and reach our first waited target at 1.3660, and by taking a deeper look at the chart, we find that the price forms double bottom pattern that has positive targets that start at 1.3795 and extend to 1.3865.

 

Therefore, we believe that the chances valid to achieve more rise in the upcoming sessions, taking into consideration that breaking 1.3600 will stop the positive scenario and press on the price to turn to decline.

 

The expected trading range for today is between 1.3580 support and 1.3740 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9818
0.0163
1.6835%
1.1124
0.0304
2.8086%
18.816
-0.042
0.223%
81.609
2.315
2.920%
88.86
-0.46
0.52%
1660.490
15.130
0.920%
 
 
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