The GBPUSD pair traded negatively yesterday to approach our first waited target at 1.3430, and bounced bullishly to retest the broken neckline of the triple top pattern that its signs appear on the chart, which still active until now, noticing that stochastic loses its positive momentum clearly to enter the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next targets extend to 1.3310, noting that holding below 1.3550 is important to achieve the suggested targets.
The expected trading range for today is between 1.3430 support and 1.3600 resistance.
The expected trend for today: Bearish
Origin: Economies
