The GBP/USD hits the target – Analysis – 06/09/2021

forex_news_gbp_7The GBPUSD pair succeeded to touch our waited target at 1.3870 and bounced bearishly after touching the bullish channel’s resistance that appears on the chart, and it might be forced for temporary decline and test 1.3795 areas before turning back to rise again.

Therefore, we expect the continuation of the bullish trend domination in the upcoming sessions unless breaking 1.3795 and holding below it, noting that the next target reaches 1.4000.

The expected trading range for today is between 1.3780 support and 1.3930 resistance.

The expected trend for today: Bullish

Origin: Economies

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