The GBPUSD pair found solid resistance at the bullish channel’s resistance line that appears on the chart, and according to the trading rules inside the channels, the price begins bearish wave that targets visiting this channel’s support line, supported by recording lower high yesterday, to head towards achieving negative targets that start at 1.3105 and extend to 1.3000.
Therefore, we suggest witnessing negative trades in the upcoming sessions, and breaking 1.3225 will confirm rallying towards the above mentioned targets, taking into consideration that breaching 1.3315 will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 1.3105 support and 1.3300 resistance.
The expected trend for today: Bearish
Origin: Economies
