The GBPUSD tests the support base - Analysis - 17-01-2022
Economies.com
2022-01-17 05:07AM UTC
The GBPUSD pair bounced downwards clearly in the previous sessions to test the key support 1.3660, and it kept its stability above it, accompanied by witnessing positive signals by stochastic, waiting to motivate the price to resume the bullish trend that moves organized inside the bullish channel that appears on the chart, reminding you that our next main target reaches 1.3815.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.3660 and holding below it.
The expected trading range for today is between 1.3600 support and 1.3775 resistance.
The expected trend for today: Bullish
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