The GBPUSD reaches the target - Analysis - 09-12-2021
Economies.com
2021-12-09 05:11AM UTC
The GBPUSD pair succeeded to reach our waited target at 1.3160, and bounced bullishly from there to show some intraday gains, and it might test 1.3245 areas before turning back to decline again, as we suggest the continuation of the main bearish trend domination supported by the EMA50, waiting to break 1.3160 to open the way to head towards 1.3050 as a next main target.
On the other hand, we should note that breaching 1.3245 will push the price to achieve additional gains and test 1.3340 areas before any new attempt to decline.
The expected trading range for today is between 1.3110 support and 1.3270 resistance.
The expected trend for today: Bearish
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