Forex

The GBPUSD under the negative pressure - Analysis - 15-09-2021

2021-09-15 04:14:12 GMT (Economies.com)

The GBPUSD pair bounced downwards strongly after approaching our waited target at 1.3955, to reach the thresholds of the bullish channel’s support line that appears on the chart, accompanied by stochastic entering the oversold areas, waiting to motivate the price to rebound bullishly and resume the bullish wave again.

 

Therefore, the bullish trend will be suggested for the upcoming period unless breaking 1.3770 and holding below it, noting that our targets begin by surpassing 1.3890 to ease the mission of heading towards 1.3965.

 

The expected trading range for today is between 1.3750 support and 1.3900 resistance.

 

The expected trend for today: Overall Bullish

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