The GBPUSD pair managed to reach few pips away from our first waited target at 1.4238, and bounced downwards strongly from there to test the main bullish channel’s support line, accompanied by stochastic reach to the oversold areas.
Therefore, we believe that the chances are valid to resume the main bullish trend, which its targets extend to 1.4375, noting that breaking 1.4140 will stop the expected rise and press on the price to achieve more decline in the upcoming sessions.
The expected trading range for today is between 1.4080 support and 1.4240 resistance.
The expected trend for today: Bullish
Origin: Economies
