The GBP/USD achieves clear gains – Analysis – 04/05/2021

eu-l13The GBPUSD pair rallied upwards strongly yesterday to reach 1.3900 barrier, which support the continuation of the positive scenario suggested in our last report, waiting for more rise to visit 1.3975 as a next target, noting that surpassing this level will push the price to 1.4050 as a next target.

We should note that holding above 1.3820 is important to achieve the suggested targets, as breaking it will press on the price to turn to decline on the intraday and short term basis.

The expected trading range for today is between 1.3820 support and 1.4000 resistance.

The expected trend for today: Bullish

Origin: Economies

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