The GBPUSD pair suffered additional losses in the previous sessions to surpass our extended target at 1.3530 and settles below it, to fall under more expected negative pressure in the upcoming period, reminding you that the next negative station reaches 1.3415.
Therefore, we are waiting for more decline on the intraday and short term basis supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.3530 followed by 1.3605 levels will stop the suggested decline and lead the price to start new recovery attempts.
The expected trading range for today is between 1.3390 support and 1.3570 resistance.
The expected trend for today: Bearish
Origin: Economies
