The GBPUSD under the negative pressure - Analysis - 04-01-2022
Economies.com
2022-01-04 05:16AM UTC
The GBPUSD pair broke 1.3485 level strongly yesterday, to provide intraday negative trades, and we expect to test 1.3410 before turning back to rise again.
Therefore, the bearish bias will be expected for today, noting that the expected decline is temporary, waiting to resume the correctional bullish wave that its next target located at 1.3565, taking into consideration that breaking 1.3410 will press on the price to achieve more decline and head to return to the main bearish track again.
The expected trading range for today is between 1.3400 support and 1.3550 resistance.
The expected trend for today: Bearish temporarily
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