The GBP / USD breaches the resistance – Analysis – 07/22/2021

The GBPUSD pair breached 1.3680 level clearly and settled above it, which leads the price to achieve more expected rise in the upcoming sessions as a normal trading inside the bearish channel that appears on the chart, waiting to head towards the channel’s resistance at 1.3845 as a main target.

Therefore, the bullish bias will be suggested for today unless breaking 1.3680 and holding below it again, noting that breaching 1.3740 will ease the mission of achieving the expected rise.

The expected trading range for today is between 1.3620 support and 1.3780 resistance.

The expected trend for today: Bullish

Origin: Economies


Karice Dabule

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