The GBP/USD is under the negative pressure – Analysis – 10/06/2021

gbp-l2The GBPUSD pair ended yesterday with clear negativity to approach the sideways range’s support line at 1.4095, noticing that stochastic shows clear positive signals that might push the price to recover in the upcoming sessions, to keep the price confined inside the sideways range that its resistance line located at 1.4238.

We remind you that breaking the mentioned support will press on the price to achieve correctional bearish targets that start at 1.4030 followed by 1.3960, while breaching the resistance represents the key to resume the main bullish trend that its next target located at 1.4375.

The expected trading range for today is between 1.4030 support and 1.4200 resistance.

The expected trend for today: Sideways

Origin: Economies

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