The GBP/USD is recovering – Analysis – 10/09/2021

gbp-l4The GBPUSD pair rallied upwards strongly yesterday to breach 1.3825 and settles above it, which stops the recently suggested negative scenario and leads the price to recover again, on its way to achieve additional gains that reach 1.3930.

Therefore, we expect to witness more rise in the upcoming sessions, organized inside the bullish channel that appears on the chart, noting that failing to breach 1.3860 might push the price to test 1.3750 areas before any new attempt to rise.

The expected trading range for today is between 1.3780 support and 1.3940 resistance.

The expected trend for today: Bullish

Origin: Economies

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