The GBPUSD pair opens today’s trading with new bearish bias to move below 1.3300 barrier, reinforcing the expectations of continuing the bearish trend, supported by stochastic and the EMA50 negativity, waiting to head towards 1.3160 that represents our next main target.
Holding below 1.3355 and 1.3405 is important to continue the expected bearish trend, as breaching them will push the price out of the bearish channel that appears on the chart and lead to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 1.3180 support and 1.3355 resistance.
The expected trend for today: Bearish
Origin: Economies
