The GBPUSD pair declined sharply yesterday after breaking 1.3655 level, to approach 1.3500 areas, noticing that the price attempts to start bullish wave after reaching the bearish channel’s support line that appears on the chart, which makes us suggest witnessing more bullish bias today, and the main target is located at 1.3690.
Stochastic positivity supports the expected rise, noting that breaking 1.3500 will stop the positive scenario and press on the price to suffer new losses in the upcoming period.
The expected trading range for today is between 1.3470 support and 1.3650 resistance.
The expected trend for today: Bullish
Origin: Economies
