Forex

The GBPUSD resumes the decline - Analysis - 21-09-2020

2020-09-21 03:55:37 GMT (Economies.com)

The GBPUSD pair provided clear negative trades on last Friday’s evening to break the intraday bullish channel’s support that appears on the chart and settles below it, which supports the continuation of our bearish overview on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to head towards 1.2705 mainly.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3000.

 

The expected trading range for today is between 1.2850 support and 1.3020 resistance.

 

The expected trend for today: Bearish

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