The GBPUSD under the negative pressure - Analysis - 22-03-2021
Economies.com
2021-03-22 05:00AM UTC
The GBPUSD pair broke 1.3910 level strongly to face negative pressure that targets testing the main bullish channel’s support line at 1.3765, which makes us suggest witnessing more decline in the upcoming sessions, supported by moving below the EMA50.
We should note that breaking the targeted level will push the price for bearish correction on the short term basis, while breaching 1.3910 represents the key to stop the current negative pressure and regain the main bullish trend again.
The expected trading range for today is between 1.3765 support and 1.3910 resistance.
The expected trend for today: Bearish
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