The GBP/USD continues to decline – Analysis – 20/08/2021

GBP/USD прогноз Фунт ДолларThe GBPUSD pair broke 1.3680 level strongly and rallied downwards to approach our next waited target at 1.3570, reinforcing the chances of continuing the bearish trend on the longer term basis, noting that surpassing the mentioned level will push the price to 1.3500 areas direct.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3680.

The expected trading range for today is between 1.3540 support and 1.3680 resistance.

The expected trend for today: Bearish

Origin: Economies

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