The GBP/USD retests the broken support – Analysis – 29/11/2021

forex_news_gbp_7The GBPUSD pair tested 1.3355 and keeps its stability below it until now, accompanied by witnessing clear negative signals by stochastic, while the EMA50 keeps pressing negatively on the price.

Therefore, the bearish trend will remain dominant in the upcoming sessions conditioned by the price stability below the mentioned level, noting that our main waited target reaches 1.3160.

The expected trading range for today is between 1.3240 support and 1.3390 resistance.

The expected trend for today: Bearish

Origin: Economies

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