The GBP/USD achieves more gains – Analysis – 04/01/2021

rub-l12The GBPUSD pair confirmed breaching 1.3624 and rallied to achieve more gains, opening the way to head towards our next positive target at 1.3760, to continue suggesting the bullish trend for the upcoming period, which its targets extend to 1.3900 on the near term basis.

Holding above 1.3624 is important to continue the expected rise, as breaking it will press on the price to start intraday bearish correction that targets testing 1.3450 areas and might extend to 1.3360 before any new attempt to rise.

The expected trading range for today is between 1.3624 support and 1.3800 resistance.

The expected trend for today: Bullish.

Origin: Economies

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