The GBPUSD pair managed to break the neckline of the double top pattern and settled below it, to activate the negative effect of this pattern, waiting for more decline to visit 1.3760 that represents our first negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3875 will stop the current negative pressure and lead the price to start intraday recovery attempts.
The expected trading range for today is between 1.3780 support and 1.3920 resistance.
The expected trend for today: Bearish
Origin: Economies
