The GBP/USD builds support base – Analysis – 22/01/2021

news_22_feb_2_gbp_usdThe GBPUSD pair confirmed breaching 1.3700 level and attempts to build support base above it, which supports the continuation of our bullish overview in the upcoming period, waiting to visit 1.3815 that represents our next positive target.

The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 1.3700 followed by 1.3645 levels and holding below them.

The expected trading range for today is between 1.3645 support and 1.3815 resistance.

The expected trend for today: Bullish

Origin: Economies

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