The GBPUSD pair traded with strong negativity yesterday to attack the key support 1.4110 and attempts to break it, which urges caution from the upcoming trading, as confirming breaking the mentioned level will press on the price to continue the decline and head towards 1.3930 areas on the near term basis, while consolidating above it will revive the bullish trend scenario that its first target located at 1.4238.
Therefore, we prefer staying aside until the price confirms its situation according to 1.4110 to detect its next destination clearly.
The expected trading range for today is between 1.4030 support and 1.4200 resistance.
The expected trend for today: Neutral
Origin: Economies
