The GBPUSD pair settles around 1.3900 level, facing contradiction between the technical factors, which makes us prefer continuing neutral until we get clearer signal for the next trend, which we will get through breaching 1.3920 resistance or breaking 1.3855 support.
Note that breaching the mentioned resistance will push the price to continue the rise and head towards 1.4000 direct, while breaking the support represents the key to resume the bearish bias that targets 1.3800 – 1.3785 levels on the near term basis.
The expected trading range for today is between 1.3820 support and 1.3980 resistance.
The expected trend for today: Neutral
Origin: Economies
