The GBPUSD pair found solid support at 1.1400 barrier, to stop the sharp decline and begins achieving some bullish correction for the decline that start from 1.3200 areas, on its way to test 1.1830 level initially.
Therefore, we expect witnessing positive trades today, and breaching the targeted level will extend the correctional bullish wave to reach 1.2093, taking into consideration that failing to surpass 1.1770 is considered a negative signal to stop the bullish correction and the price return to resume the main bearish trend.
The expected trading range for today is between 1.1550 support and 1.1800 resistance.
The expected trend for today: Bullish
Origin: Economies
