The GBPUSD suffers more losses - Analysis - 08-11-2021
Economies.com
2021-11-08 05:31AM UTC
The GBPUSD pair bounced upwards temporarily after approaching our waited target at 1.3415, noticing that stochastic begins to overlap negatively now, which forms negative motive that we expect to assist to push the price to resume the bearish wave, noting that breaking the mentioned level will push the price to 1.3300 as a next negative station.
Therefore, our bearish overview will remain valid unless the price rallied to breach 1.3530 and hold above it.
The expected trading range for today is between 1.3390 support and 1.3530 resistance.
The expected trend for today: Bearish
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