The GBP/USD is recovering – Analysis – 14/04/2022

gbp-l2The GBPUSD pair rallied upwards strongly yesterday after finding difficulty to break 1.3000 level, to head towards achieving new bullish correction, and the targets begin by surpassing 1.3145 to confirm opening the way to head towards 1.3235 as a next main target.

Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to breach 1.3145 will press on the price to rebound bearishly and resume the main bearish trend again.

The expected trading range for today is between 1.3060 support and 1.3210 resistance.

The expected trend for today: Bullish

Origin: Economies

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