The GBPUSD pair succeeded to achieve our waited target at 1.3670 and finds good support there, to show some bullish bias now, affected by stochastic positivity, and it might test the resistance line formed at 1.3730 before turning back to decline again.
Therefore, we expect the continuation of the overall bearish trend domination in the upcoming period, and the price needs to break 1.3670 to confirm heading towards 1.3600 as a next negative target, noting that breaching 1.3730 will push the price to achieve additional intraday gains that reach 1.3805 before any new attempt to decline.
The expected trading range for today is between 1.3600 support and 1.3750 resistance.
The expected trend for today: Bearish
Origin: Economies
