The GBPUSD presses on the support - Analysis - 01-07-2021
Economies.com
2021-07-01 04:38AM UTC
The GBPUSD pair fluctuates at 1.3805 level and attempts to break it, to support the expectations of extending the bearish wave on the intraday and short term basis, affected by the previously completed head and shoulders’ pattern, waiting to head towards 1.3670 as a next negative target.
Therefore, we will continue to suggest the bearish trend that gets continuous support by the EMA50, reminding you that it is important to hold below 1.3890 to continue the suggested decline.
The expected trading range for today is between 1.3730 support and 1.3890 resistance.
The expected trend for today: Bearish
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