The GBP/USD hits the first target – Analysis – 21/01/2021

gbp_usd_news_1The GBPUSD pair resumes its positive trading after testing the support base formed above 1.3615 level, getting positive signals through stochastic and the EMA50, which supports the continuation of our bullish overview, reminding you that our next target extends to 1.3815.

Breaching 1.3700 will ease the mission of continuing the rise, while holding above 1.3615 represents key condition to achieve the waited targets.

The expected trading range for today is between 1.3600 support and 1.3780 resistance.

The expected trend for today: Bullish

Origin: Economies

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