The GBPUSD pair traded with clear positivity in the previous sessions to surpass the resistance line that appears on the chart and approach the main bearish channel’s resistance, but we notice that the EMA50 forms solid resistance against the positive attempts, to push the price to decline now, waiting to resume the main bearish trend that its next target located at 1.3160.
Therefore, we will keep our overall bearish overview, supported by stochastic negativity, unless the price rallied to breach 1.3310 and hold above it.
The expected trading range for today is between 1.3160 support and 1.3310 resistance.
The expected trend for today: Bearish
Origin: Economies
