The GBP/USD tests the support – Analysis – 27/08/2021

news_22_feb_2_gbp_usdThe GBPUSD pair continued to decline to test the key support 1.3680, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend in the upcoming period, which targets 1.3870 as a next main station.

Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 1.3680.

The expected trading range for today is between 1.3620 support and 1.3780 resistance.

The expected trend for today: Bullish

Origin: Economies

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