GBP/USD currency pair analysis 04.02.2022

The GBP/USD pair managed to achieve our extended target at 1.3610 and is making attempts to breach it now, to indicate the price direction to confirm restoring the main bullish trend again, as we expect to achieve additional positive targets that reach 1.3685 then 1.3745.

Therefore, the bullish trend will remain valid and effective for the upcoming period, noting that failure to breach 1.3610 will pressure the price to rebound to the downside and test the 1.3525 level initially.

The expected trading range for today is between 1.3525 support and 1.3710 resistance.

The forecast trend for today: bullish.