The GBPUSD pair fluctuates around 1.3700 level since yesterday, and continues to move inside the intraday bearish channel that appears on the chart, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass 1.3580 to reach 1.3350.
Therefore, the bearish trend will remain suggested for the upcoming period supported by the EMA50, noting that the continuation of the bearish wave conditions holding below 1.3795.
The expected trading range for today is between 1.3600 support and 1.3780 resistance.
The expected trend for today: Bearish
Origin: Economies
