The GBP/USD returns to decline – Analysis – 22/02/2022

eu-l13The GBPUSD pair provided negative trades yesterday to remain stable below 1.3610, starting today with more decline to support the continuation of the expected bearish trend scenario for the upcoming period, which its next target located at 1.3525.

The price needs to surpass the minor support at 1.3580 to ease the mission of achieving the waited target, reminding you that it is important to hold below 1.3610 to continue the suggested decline.

The expected trading range for today is between 1.3500 support and 1.3650 resistance.

The expected trend for today: Bearish

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