The GBP/USD surpasses the first target – Analysis – 18/08/2021

gbp_news_cmc_forex_1The GBPUSD pair declined clearly yesterday to succeed achieving our first target at 1.3760, and surpassed it to settle below it now, reinforcing the chances of continuing the bearish trend and achieve additional negative targets that reach 1.3680.

Therefore, we suggest witnessing more decline in the upcoming sessions unless the price rallied to breach 1.3875 and hold above it.

The expected trading range for today is between 1.3660 support and 1.3820 resistance.

The expected trend for today: Bearish

Origin: Economies

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