The GBPUSD pair succeeded to achieve our waited target at 1.4000 and found solid resistance there, to start providing bearish rebound signals and the beginning of potential bearish wave in the upcoming sessions, supported by stochastic negativity.
Therefore, we expect witnessing negative trades today, and the targets begin at 1.3905 and extend to 1.3800 after surpassing the previous level, noting that breaching 1.4015 will stop the expected decline and lead the price to achieve more gains on the short term and medium term basis.
The expected trading range for today is between 1.3880 support and 1.4050 resistance.
The expected trend for today: Bearish
Origin: Economies
