The GBP/USD awaits confirmation signal – Analysis – 31/05/2021

rub-l12The GBPUSD pair shows sideways trading, confined between 1.4095 support and 1.4238 resistance, thus, our neutrality still valid until now, as the price needs to breach one of these levels to detect its next targets clearly.

We remind you that breaching the resistance will push the price back to the main bullish track to head towards achieving positive targets that start at 1.4375, while breaking the support represents negative factor that will press on the price to turn to decline towards visiting 1.4035 followed by 1.3900 after breaking the previous level.

The expected trading range for today is between 1.4100 support and 1.4300 resistance.

The expected trend for today: Depends on the above mentioned levels

Origin: Economies1

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