The GBPUSD is recovering - Analysis - 21-10-2021

2021-10-21 04:10:41 GMT (Economies.com)
 

The GBPUSD pair bounced upwards strongly to settle above 1.3795 level again, which keeps the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to visit 1.3910 as a next main station.

 

Holding above 1.3795 is important to continue the expected rise, noting that the price might witness some temporary sideways fluctuation until getting enough momentum to continue the suggested bullish trend.

 

The expected trading range for today is between 1.3760 support and 1.3910 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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