The GBPUSD pair broke the intraday bullish channel’s support line and settled below it, to fall under expected negative pressure on the intraday basis, targeting testing 1.3800 level initially, noting that breaking this level will force the price to continue the decline and head towards 1.3680 followed by .13585 areas as next negative stations.
Therefore, we expect witnessing more decline in the upcoming sessions unless the price managed to breach 1.3900 and hold above it.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Bearish temporarily
Origin: Economies
