The GBP/USD achieves strong gains – Analysis – 13/01/2021

gbp_cfdThe GBPUSD pair rallied upwards strongly to breach 1.3550 and achieve strong gains, as it reaches 1.3700 barrier now, which stops the recently suggested negative scenario and push the price to resume the main bullish trend, and the way is open to head towards visiting 1.3860 areas that represent the next main target.

Therefore, we expect witnessing more rise in the upcoming sessions conditioned by the price stability above 1.3600.

The expected trading range for today is between 1.3600 support and 1.3800 resistance.

The expected trend for today: Bullish

Origin: Economies

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