The GBPUSD is under the negative pressure - Analysis - 08-04-2021
Economies.com
2021-04-08 04:15AM UTC
The GBPUSD pair provided new negative trades yesterday to break 1.3790 and settles below it, to return to the correctional bearish channel that appears on the chart, which puts the price under more expected negative pressure on the intraday basis, on its way to visit 1.3705 followed by 1.3580 levels as main negative targets.
Moving below the EMA50 supports the expectations to decline in the upcoming sessions, while breaching 1.3780 represents positive factor that will lead the price to attempt to recover again and head towards 1.3890 as a first positive station.
The expected trading range for today is between 1.3660 support and 1.3840 resistance.
The expected trend for today: Bearish
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