The GBPUSD pair succeeded to achieve our waited target at 1.4200, noticing that the price shows bearish rebound that hints heading for potential temporary decline, may target the intraday bullish channel’s support line at 1.4050 before turning back to rise.
Therefore, the bearish bias will be suggested for today, supported by stochastic negativity, taking into consideration that breaching 1.4200 will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.4050 support and 1.4250 resistance.
The expected trend for today: Bearish temporarily
Origin: Economies
