The GBP/USD faces solid support – Analysis – 15/03/2022

gbp2The GBPUSD pair tested 1.3000 barrier and found solid support there, to start rising again, and it might head to test the minor resistance 1.3075 before turning back to decline again.

Until now, the bearish trend scenario still valid conditioned by the price stability below the mentioned resistance, reminding you that our next main targets reach 1.2940 followed by 1.2900.

The expected trading range for today is between 1.2930 support and 1.3100 resistance.

The expected trend for today: Bearish

Origin: Economies

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