Forex

Midday update for the GBPUSD 06-12-2021

2021-12-06 10:11:59 GMT (Economies.com)

The GBPUSD pair trades positively now, affected by stochastic positivity, while the overall bearish trend still valid, supported by the EMA50 that presses negatively on the price, waiting to head towards 1.3160 that represent our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 1.3355 and 1.3385 levels.

 

The expected trading range for today is between 1.3150 support and 1.3300 resistance.

 

The expected trend for today: Bearish

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