The GBP/USD breaks the support – Analysis – 27/01/2022

com-l4The GBPUSD pair managed to break 1.3460 level and settles below it now, which supports the continuation of the expected bearish trend scenario efficiently in the upcoming sessions, paving the way to achieve more negative targets that start at 1.3400 and extend to 1.3310 after surpassing the previous level.

Therefore, the bearish bias will remain dominant in the upcoming sessions conditioned by the price stability below 1.3530.

The expected trading range for today is between 1.3350 support and 1.3500 resistance.

The expected trend for today: Bearish

Origin: Economies

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