The GBPUSD pair trades with clear positivity to approach retesting the broken neckline of the double top pattern that its signs appear on the chart, noticing that stochastic shows clear overbought signals, while the EMA50 meets the key resistance formed at 1.3800 to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.3580 as a next station, while achieving it requires holding below 1.3800.
The expected trading range for today is between 1.3660 support and 1.3830 resistance.
The expected trend for today: Bearish
Origin: Economies
