Midday update for the GBPUSD 04-03-2021
Economies.com
2021-03-04 10:20AM UTC
The GBPUSD pair shows negative trades to test the bullish channel’s support line, waiting for more decline to break this support and confirm the continuation of the expected bearish trend for today, which depends on the formation of the head and shoulders’ pattern that appears on the chart, waiting to head towards 1.3775 followed by 1.3665 levels mainly, reminding you that it is important to hold below 1.4000 to continue the suggested decline.
The expected trading range for today is between 1.3840 support and 1.4000 resistance.
The expected trend for today: Bearish
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