Midday update for the GBPUSD 08-03-2021
Economies.com
2021-03-08 10:40AM UTC
The GBPUSD pair shows sideways trading since morning, and stochastic continues to lose the positive momentum, waiting to motivate the price to resume the bearish trend that its next main target located at 1.3675, noting that the EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1.3875 and holding above it.
The expected trading range for today is between 1.3710 support and 1.3875 resistance.
The expected trend for today: Bearish
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