The GBPUSD touches the target - Analysis - 24-11-2021
Economies.com
2021-11-24 05:23AM UTC
The GBPUSD pair succeeded to achieve our waited target at 1.3355 and settles near it, and we expect to break this level supported by the negative pressure formed by the EMA50 to open the way to head towards 1.3160 as a next negative target.
Therefore, the bearish trend scenario will remain valid for the upcoming period, noting that the stability of 1.3355 against the current negative attempts might push the price to test 1.3470 areas before any new attempt to decline.
The expected trading range for today is between 1.3280 support and 1.3440 resistance.
The expected trend for today: Bearish
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