The GBPUSD pair bounced bullishly in the previous sessions to retest 1.3875 again, as it keeps its stability below it until now, noticing that stochastic shows clear overbought signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin at 1.3760 and extend to 1.3680 after breaking the previous level.
Therefore, we will continue to suggest the bearish trend unless breaching 1.3875 and holding with a daily close above it.
The expected trading range for today is between 1.3760 support and 1.3900 resistance.
The expected trend for today: Bearish
Origin: Economies
