The GBP/USD continues to fluctuate – Analysis – 07/05/2021

news_22_feb_2_gbp_usdThe GBPUSD pair provided mixed trades yesterday but it returned to settle around the EMA50, thus, our positive overview will remain valid as it is without any change, which targets 1.3975 as a next station.

Note that breaking 1.3820 and holding below it will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1.3810 support and 1.3975 resistance.

The expected trend for today: Bullish

Origin: Economies

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