The GBPUSD touches the target - Analysis - 11-04-2022
Economies.com
2022-04-11 02:04AM UTC
The GBPUSD pair managed to touch our waited target at 1.3000 and finds solid support there, to show some temporary bullish bias, while the EMA50 continues to press negatively on the price, to support the chances of continuing the domination of the bearish trend in the upcoming sessions, noting that breaking the mentioned level will push the price to 1.2900 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.3145 and hold above it.
The expected trading range for today is between 1.2950 support and 1.3100 resistance.
The expected trend for today: Bearish
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