The GBPUSD is retesting - Analysis - 29-03-2021

2021-03-29 04:28:22 GMT (Economies.com)
 

The GBPUSD pair retested the broken support of the double top pattern and the broken support of the bullish channel that appears on the chart, and keeps its stability below it, noticing that the EMA50 meets the current resistance areas to add more strength to them, while stochastic shows clear negative signals now.

 

Therefore, these factors encourage us to suggest the bearish trend in the upcoming sessions, which its next main target located at 1.3580, noting that the continuation of the expected decline requires holding below 1.3805.

 

The expected trading range for today is between 1.3690 support and 1.3830 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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