The GBP/USD attacks the support – Analysis – 28/06/2021

rub-l12The GBPUSD pair begins today with new bearish bias to continue pressing on the key support 1.3890 and attempts to break it, which hints heading to decline again, supported by the negative pressure formed by the EMA50, and we expect to visit 1.3805 in the upcoming sessions.

Therefore, we expect to witness negative trades today, noting that consolidation above the mentioned support will lead the price to start new recovery attempts that target testing 1.3960 initially.

The expected trading range for today is between 1.3800 support and 1.3950 resistance.

The expected trend for today: Bearish

Origin: Economies

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