The GBPUSD returns to the channel - Analysis - 06-04-2021
Economies.com
2021-04-06 04:22AM UTC
The GBPUSD pair provided positive trades in the previous sessions to return to the bullish channel that appears on the chart, noticing that the price completed forming double bottom pattern that formed positive motive to push the price to recover, which hints that we will witness more bullish bias in the upcoming period, and the positive targets begin at 1.4000 and extend to 1.4100.
The EMA50 supports the suggested bullish trend, which will remain valid unless breaking 1.3840 and holding below it.
The expected trading range for today is between 1.3820 support and 1.4000 resistance.
The expected trend for today: Bullish
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