The GBP/USD approaches the first target – Analysis – 01/10/2021

usd_gbp_news_2The GBPUSD pair provided clear positive trades to reach the thresholds of the first waited target at 1.3530, noticing that stochastic gathers the positive momentum, waiting to motivate the price to continue the rise and surpass the mentioned level to head towards 1.3600 as a next positive target.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.3410 will stop the expected rise and press on the price to resume the main bearish trend.

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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