The GBPUSD pair faced more negative pressure yesterday and attempted to break 1.3280 level, but it ended trades at this level, and by taking a deeper look at the chart, we find that the price is confined inside a falling wedge pattern that it attempts to breach its resistance line now, therefore, this pattern forms positive motive that we are waiting to assist to push the price to resume the main bullish trend.
Therefore, the bullish bias will be expected for today, supported by stochastic positivity, noting that our main targets begin at 1.3475 and extend to 1.3580, noting that failing to consolidate above 1.3280 will press on the price to visit 1.3155 areas before any new attempt to rise.
The expected trading range for today is between 1.3200 support and 1.3380 resistance.
The expected trend for today: Bullish
Origin: Economies
