The GBP/USD continues to fluctuate – Analysis – 03/06/2021

gbp-l2The GBPUSD pair keeps moving inside the sideways range that appears on the chart, which its lines represented by 1.4095 support and 1.4238 resistance, to keep the sideways bias dominant on the intraday basis until the price manages to breach one of the mentioned levels to detect the next targets clearly.

We remind you that breaching the resistance will lead the price to resume the main bullish trend that its next target located at 1.4375, while breaking the support will press on the price to achieve bearish correction that its targets begin at 1.3900 areas.

The expected trading range for today is between 1.4070 support and 1.4250 resistance.

The expected trend for today: Sideways

Origin: Economies

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