The GBPUSD pair broke the bullish channel’s support line clearly and settled below it, which stops the recently suggested positive scenario and lead the price to turn to decline, to head towards achieving negative targets that start by visiting 1.3680 areas.
Moving below the EMA50 supports the expectations to decline, noting that breaching 1.3810 will push the price back to the bullish track again to head towards 1.3920 followed by 1.4000 areas initially.
The expected trading range for today is between 1.3690 support and 1.3860 resistance.
The expected trend for today: Bearish
Origin: Economies
