The GBPUSD pair bounced upwards strongly after attacking the sideways range’s support line at 1.4095 yesterday, to trade with clear positivity and head towards testing the mentioned range’s resistance at 1.4238, to keep the price confined inside this range and continue suggesting the sideways move on the intraday basis until breaching one of the mentioned levels.
We remind you that breaching the mentioned resistance will lead the price to continue the main bullish trend within the bullish channel that appears on the chart, to head towards visiting 1.4375 areas initially, while breaking the support represents the key to extend the correctional bearish wave to reach 1.4030 followed by 1.3960 as main correctional targets.
The expected trading range for today is between 1.4090 support and 1.4270 resistance.
The expected trend for today: Sideways
Origin: Economies
