The GBPUSD pair settles below the correctional bearish channel’s resistance, falling under continuous negative pressure formed by the EMA50, while stochastic begins to overlap negatively now.
Therefore, these factors support the continuation of the expected bearish trend for the upcoming period, which its next target located at 1.3580, while achieving it requires holding below 1.3770.
The expected trading range for today is between 1.3600 support and 1.3740 resistance.
The expected trend for today: Bearish
Origin: Economies
