The GBPUSD pair provided clear negative trades to reach the thresholds of the waited target at 1.3800, and we expect surpassing this level to achieve more decline in the upcoming sessions, supported by moving below the EMA50, noting that the next target extends to 1.3700.
Therefore, we are waiting for more decline on the intraday basis, noting that failing to achieve the required break will lead the price to start recovery attempts that target 1.3985 areas mainly.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Bearish
Origin: Economies
