The GBPUSD heads towards testing the support - Analysis - 12-02-2021

2021-02-12 04:59:46 GMT (Economies.com)
 

The GBPUSD pair shows negative trades to approach testing the bullish channel’s support line that rises now to 1.3745, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the main bullish trend, which targets 1.3965 as a next main station.

 

Until now, the bullish trend scenario still valid and active unless breaking 1.3745 and holding below it.

 

The expected trading range for today is between 1.3720 support and 1.3900 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2062
0.0009
0.0734%
1.3895
0.0001
0.0036%
Tadawul
10228.35
-26.53
0.26%
27.319
0.799
3.015%
64.788
0.878
1.374%
68.12
-0.83
1.20%
1814.910
25.325
1.415%
 
 
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