The GBP/USD touches the first target – Analysis – 19/04/2022

gbp2The GBPUSD pair managed to touch 1.3000 level and attempts to break it, and continues to move inside the bearish channel that supports the chances of surpassing this level and open the way to rally towards our next negative target that reaches 1.2920.

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, noting that breaching 1.3040 might push the price to test 1.3145 initially before any new attempt to decline.

The expected trading range for today is between 1.2900 support and 1.3070 resistance.

The expected trend for today: Bearish

Origin: Economies

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