Forex

Midday update for the GBPUSD 10-06-2021

2021-06-10 09:16:49 GMT (Economies.com)

The GBPUSD pair attacks 1.4095 level strongly and attempts to confirm breaking it, which hints that the price is on its way to achieve bearish correction for the bullish wave that started from 1.3670 areas, waiting to get a confirmed break to the mentioned support to confirm heading towards the correctional targets that started at 1.4030 followed by 1.3960.

 

On the other hand, we should note that trading above 1.4095 again will stop the current negative pressure and push the price to continue fluctuating inside the sideways range that appears on the chart.

 

The expected trading range for today is between 1.4030 support and 1.4200 resistance.

 

The expected trend for today: Sideways

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