The GBPUSD pair traded with clear negativity yesterday and completed forming double top pattern that its signs appear on the chart, which puts the price under intraday negative pressure that we believe it will push trades to visit the bullish channel’s support line at 1.3135 before attempting to resume the main bullish trend.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.3305 level and hold above it, as this breach will cancel the effect of the mentioned negative pattern and push the price to return to rise.
The expected trading range for today is between 1.3200 support and 1.3370 resistance.
The expected trend for today: Bearish temporarily
Origin: Economies
