The GBP/USD under the negative pressure – Analysis – 02/03/2022

a-4The GBPUSD pair broke 1.3390 level strongly and reached 1.3310 direct, and by taking a deeper look at the chart, we find that the price completed forming bearish flag pattern that appears on the chart, to support the chances of breaking the last level and open the way to achieve more decline in the upcoming sessions.

Therefore, the bearish bias will be expected for today, and the next targets reach 1.3230 and 1.3175, noting that the continuation of the bearish wave depends on the price stability below 1.3390.

The expected trading range for today is between 1.3220 support and 1.3390 resistance.

The expected trend for today: Bearish

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