The GBP/USD is stable – Analysis – 25/08/2021

a-4The GBPUSD pair continues to fluctuate around the EMA50 that forms solid resistance against the price, noticing that stochastic attempts to gain the positive momentum, waiting to motivate the price to resume the bullish trend that targets 1.3870 level mainly.

Therefore, the positive scenario will remain valid and active unless breaking 1.3680 and holding below it.

The expected trading range for today is between 1.3660 support and 1.3810 resistance.

The expected trend for today: Bullish

Origin: Economies

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