The GBP/USD is recovering – Analysis – 27/01/2021

gbp_cfdThe GBPUSD pair rallied upwards strongly yesterday to breach 1.3710 and settles above it, which cancels yesterday’s suggested negative scenario and leads the price to resume the main bullish trend, on its way to head towards 1.3815 areas mainly.

Therefore, the bullish trend will be expected for the upcoming sessions, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1.3645.

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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