The GBP/USD begins with new positivity – Analysis – 13/10/2021

gbp_news_cmc_forex_1The GBPUSD pair faced new negative pressure yesterday, to attack 1.3600 level, but we notice that the price begins today with new rise to head towards potential test to 1.3660, and we still waiting to breach this level to confirm the continuation of the correctional bullish trend, which its targets extend to reach 1.3795 followed by 1.3865.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.3600 – 1.3570.

The expected trading range for today is between 1.3550 support and 1.3710 resistance.

The expected trend for today: Bullish

Origin: Economies

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