The GBPUSD returns to the main channel - Analysis - 11-05-2021
Economies.com
2021-05-11 00:12AM UTC
The GBPUSD pair continued its bullish rally to surpass 1.4080 level and settles above it, to return to the main bullish channel again, paving the way to achieve more gains that reach 1.4238.
Therefore, we expect witnessing additional positive trades in the upcoming sessions, noting that breaking 1.4090 will press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 1.4050 support and 1.4210 resistance.
The expected trend for today: Bullish
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