The GBP/USD under more negative pressure – Analysis – 21/07/2021

gbp-l3The GBPUSD pair found solid support at 1.3570, and by taking a deeper look at the chart, we find that the price completed drawing double top pattern that we expect to press on the price to achieve more decline on the short term and medium term basis, noting that breaking the mentioned support will push the price to 1.3450 areas as a next main station.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3680.

The expected trading range for today is between 1.3520 support and 1.3700 resistance.

The expected trend for today: Bearish

Origin: Economies

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