The GBPUSD pair bounced bullishly to test the EMA50 that forms good resistance barrier against the price, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to resume the negative trades, organized inside the bearish channel that appears on the chart, noting that our next main target is located at 1.3740.
Note that breaching 1.3935 will stop the expected decline and push the price to start recovery attempts that target testing 1.4050 areas initially.
The expected trading range for today is between 1.3800 support and 1.3950 resistance.
The expected trend for today: Bearish
Origin: Economies
