Forex

The GBPUSD needs the positive momentum - Analysis - 26-07-2021

2021-07-26 03:50:11 GMT (Economies.com)

The GBPUSD pair hovers around the EMA50, waiting to get positive momentum that assist to push the price to resume the positive trades, as the bullish trend scenario still active as long as 1.3680 level remains intact, waiting to test 1.3825 mainly.

 

Note that breaching the targeted level will lead the price to achieve more gains on the short term basis, while breaking 1.3680 will stop the expected rise and press on the price to resume the bearish wave that started from 1.4250 areas.

 

The expected trading range for today is between 1.3680 support and 1.3825 resistance.

 

The expected trend for today: Bullish

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