Forex

The GBPUSD breaches the resistance - Analysis - 22-07-2021

2021-07-22 04:13:00 GMT (Economies.com)

The GBPUSD pair breached 1.3680 level clearly and settled above it, which leads the price to achieve more expected rise in the upcoming sessions as a normal trading inside the bearish channel that appears on the chart, waiting to head towards the channel’s resistance at 1.3845 as a main target.

 

Therefore, the bullish bias will be suggested for today unless breaking 1.3680 and holding below it again, noting that breaching 1.3740 will ease the mission of achieving the expected rise.

 

The expected trading range for today is between 1.3620 support and 1.3780 resistance.

 

The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.