The GBP/USD awaits the confirmation signal – Analysis – 28/04/2021

gbp_cfdThe GBPUSD pair continues to fluctuate between the key levels represented by 1.3865 support and 1.3900 resistance, noticing that the trading range is tightening gradually, waiting to surpass one of these levels to detect the next targets clearly.

Note that breaking the mentioned support will press on the price to decline again and head towards 1.3785 mainly, while breaching the resistance represents positive factor that will motivate the price to test 1.4010 initially.

The expected trading range for today is between 1.3820 support and 1.3980 resistance.

The expected trend for today: Neutral

Origin: Economies

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