The GBP/USD hits the first target – Analysis – 15/10/2021

news_22_feb_2_gbp_usdThe GBPUSD pair succeeded to achieve our first waited target at 1.3720 and bounced bearishly to test the support base 1.3660, and begins to provide positive trades now to move away from the mentioned support, supported by stochastic gain to the positive momentum clearly, waiting to surpassing 1.3720 to head towards 1.3795 as a next target.

Therefore, the bullish trend scenario will remain valid and active on the intraday basis unless breaking 1.3660 and holding below it.

The expected trading range for today is between 1.3610 support and 1.3780 resistance.

The expected trend for today: Bullish

Origin: Economies

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