The GBPUSD tests the support base - Analysis - 29-12-2021

Economies.com
2021-12-29 04:46AM UTC

The GBPUSD pair tested the key support formed above 1.3410 and keeps its stability above it, waiting to resume the correctional bullish trend, which targets 1.3485 followed by 1.3565 levels as next main stations.

 

Stochastic gains the positive momentum clearly to support the expectations of resuming the bullish bias, noting that holding above 1.3370 represents key condition to continue the expected rise.

 

The expected trading range for today is between 1.3360 support and 1.3410 resistance.

 

The expected trend for today: Bullish

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