The GBPUSD pair faced negative pressure yesterday to break the bullish pennant’s support line and settles below it, to cancel this positive formation and put the price under more expected negative pressure in the upcoming period, on its way to visit 1.3990 areas mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.4135 and hold above it.
The expected trading range for today is between 1.4020 support and 1.4180 resistance.
The expected trend for today: Bearish
Origin: Economies
