The GBP/USD under the negative pressure – Analysis – 08/04/2022

gbp-l4The GBPUSD pair trades with calm negativity, falling under continuous negative pressure coming by the EMA50, to continue suggesting the bearish trend for today, which targets 1.3000 as a next station.

Holding below 1.3145 is important to continue the expected decline, noting that breaking the targeted level will extend the bearish wave to reach 1.2900 as a next negative target.

The expected trading range for today is between 1.2980 support and 1.3130 resistance.

The expected trend for today: Bearish

Origin: Economies

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