The GBP/USD breaks the support – Analysis – 25/11/2021

gbp_usd_news_1The GBPUSD pair managed to break 1.3355 and close the daily candlestick below it, to reinforce the expectations of continuing the main bearish trend, and the way is open to achieve more decline that its next main target reaches 1.3160.

On the other hand, we should note that breaching 1.3355 and holding above it might push the price to achieve intraday bearish correction that targets testing 1.3425 and might extend to 1.3485 areas before any new attempt to decline.

The expected trading range for today is between 1.3260 support and 1.3425 resistance.

The expected trend for today: Bearish

Origin: Economies

Leave a Reply