The GBPUSD within sideways track - Analysis - 09-03-2021
Economies.com
2021-03-09 05:24AM UTC
The GBPUSD pair continues to fluctuate within sideways track since yesterday, which is considered as a continuation pattern that supports the chances of continuing the expected decline on the intraday basis, and the price needs to break 1.3800 to open the way to rally towards our main negative target at 1.3690.
Therefore, we will keep our bearish overview for today conditioned by the price stability below 1.3870, as breaching this level will push the price to achieve intraday gains that target testing 1.3980 areas before any new attempt to decline.
The expected trading range for today is between 1.3740 support and 1.3900 resistance.
The expected trend for today: Bearish
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