The GBP/USD surpasses the target – Analysis – 10/05/2021

rub-l12The GBPUSD pair rallied upwards strongly to surpass our first waited target at 1.3975 and opens the way to continue the rise to head towards our extended target that reaches 1.4080, getting good support by the EMA50, to keep the bullish trend valid and active for the upcoming period.

Note that holding above 1.3945 represents initial condition to continue the suggested rise, as breaking it will press on the price to decline towards 1.3850 areas before any new positive attempt.

The expected trading range for today is between 1.3960 support and 1.4110 resistance.

The expected trend for today: Bullish

Origin: Economies

Leave a Reply