The GBPUSD pair broke 1.3960 level strongly and rallied bearishly to reach the extended negative target at 1.3890, showing temporary bullish bias affected by stochastic positivity, waiting to return to decline to break the last level and head towards 1.3805 as a next negative target.
Therefore, we expect witnessing more negative trades in the upcoming sessions, noting that breaching 1.3960 followed by 1.4030 levels will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.3830 support and 1.4000 resistance.
The expected trend for today: Bearish
Origin: Economies
