The GBPUSD pair broke the bullish channel’s support line strongly and turned to decline, approaching the first negative station at 1.3680, and we expect to break this level and open the way to continue the decline on the intraday basis, as the next target is located at 1.3570.
Therefore, the bearish trend will be expected for the upcoming sessions, noting that breaching 1.3805 will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1.3610 support and 1.3790 resistance.
The expected trend for today: Bearish
Origin: Economies
