The GBPUSD pair bounced bullishly after reaching the thresholds of 1.3160 level, to test the main bearish channel’s resistance line, waiting to resume the bearish trend that its targets begin by breaking the mentioned level to confirm extending the bearish wave towards 1.3000.
The EMA50 and stochastic support the expected decline, which will remain valid conditioned by the price stability below 1.3250.
The expected trading range for today is between 1.3120 support and 1.3290 resistance.
The expected trend for today: Bearish
Origin: Economies
