The GBPUSD is affected by the positive momentum - Analysis - 08-12-2021
Economies.com
2021-12-08 05:16AM UTC
The GBPUSD pair shows slight positive trades to test the resistance line that appears on the chart, keeping its stability below it, forming the first protection factor to the continuation of the main bearish trend that moves organized inside the main bearish channel, waiting to rebound bearishly to head towards our main expected target at 1.3160.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1.3355 and hold above it.
The expected trading range for today is between 1.3160 support and 1.3340 resistance.
The expected trend for today: Bearish
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