The GBPUSD still sideways - Analysis - 14-06-2021

The GBPUSD pair tested the sideways range’s support line at 1.4095 and keeps its stability above it, to keep the price confined within the mentioned range that its resistance line located at 1.4238, and it might head to test this resistance in the upcoming sessions affected by stochastic positivity.

In general, the sideways bias will remain dominant until the price manages to surpass one of the above mentioned levels, reminding you that breaking the support will push the price to visit 1.4030 followed by 1.3960 levels as initial correctional targets, while breaching the resistance will lead the price to resume the main bullish trend that its next target located at 1.4375.

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

The expected trend for today: Sideways