The GBP/USD attempts positively – Analysis – 06/05/2021

gbp4The GBPUSD pair settles above the EMA50, providing some positive attempts that hint heading to resume the expected bullish trend for the upcoming period, which target testing 1.3975 level initially.

Therefore, we are waiting for positive trades today conditioned by the price stability above 1.3820.

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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