The GBPUSD pair fluctuates with calm positivity to approach the intraday bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic approaches the overbought areas now.
Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday basis, which depends on the price stability below 1.3000, while its next main targets located at 1.2845 followed by 1.2705.
The expected trading range for today is between 1.2830 support and 1.3000 resistance.
The expected trend for today: Bearish
Origin: Economies
