The GBPUSD tests the resistance - Analysis - 16-12-2021
Economies.com
2021-12-16 05:23AM UTC
The GBPUSD pair approached the first waited target at 1.3160 yesterday and bounced upwards strongly to test the main bearish channel’s resistance again, keeping its stability below this resistance until now, to keep the chances valid to continue the main bearish trend, waiting to rebound bearishly to test the mentioned level as a first negative station.
We remind you that breaking the targeted level will extend the bearish wave to reach 1.3000 areas on the near-term basis, while holding below 1.3265 represents key condition to achieve the suggested targets.
The expected trading range for today is between 1.3150 support and 1.3320 resistance.
The expected trend for today: Bearish
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