The GBP/USD begins bullish correction – Analysis – 30/09/2021

gbp-l2The GBPUSD pair’s sharp decline stopped at 1.3410 level, to start bullish correction on the intraday basis, on its way to visit 1.3530 that represents the first correctional station, as we expect the continuation of the bullish bias in the upcoming sessions, noting that breaching the mentioned level will push the price to 1.3600 as a next positive target.

Therefore, the bullish trend will be expected for today unless breaking 1.3410 and holding below it.

The expected trading range for today is between 1.3380 support and 1.3550 resistance.

The expected trend for today: Bullish

Origin: Economies

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