The GBPUSD pair settles below the bullish channel’s support line, noticing that stochastic loses its positive momentum clearly, which support the chances of resuming the expected bearish trend for the upcoming period, which targets 1.3800 mainly.
Therefore, we will keep our bearish overview unless the price rallied to breach 1.3980 and hold above it.
The expected trading range for today is between 1.3850 support and 1.4000 resistance.
The expected trend for today: Bearish
Origin: Economies
