The GBPUSD pair traded with clear positivity to breach 1.4135 level and test the broken support of the main bullish channel that appears on the chart, to hint the attempt to recover and regain the main bullish trend again, but it faces solid resistance at the current areas, besides stochastic loss to the negative momentum, to face contradiction between the technical factors that makes us prefer staying aside until we get clearer signal for the next trend.
Note that the continuation of the bullish bias and breaching 1.4238 will lead the price to achieve additional gains that reach 1.4375, while breaking 1.4095 will put the price under negative pressure that its targets begin by testing 1.4005 and extend to 1.3920 after breaking the previous level.
The expected trading range for today is between 1.4095 support and 1.4290 resistance.
The expected trend for today: Depends on the above mentioned levels
Origin: Economies
