The GBP/USD returns to the bullish track – Analysis – 18/05/2021

gbp2The GBPUSD pair provided additional positive trades yesterday to breach 1.4110 level and confirm the return to the main bullish channel, which stops the recently suggested negative scenario and lead the price to resume the main bullish trend, and the way is open to visit the recently recorded top at 1.4238, noting that breaching this level will extend the bullish wave to reach 1.4375 as a next main target.

Therefore, we expect witnessing more rise in the upcoming sessions unless breaking 1.4105 level and holding below it.

The expected trading range for today is between 1.4100 support and 1.4260 resistance.

The expected trend for today: Bullish

Origin: Economies

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