The GBPUSD pair settles below the broken neckline of the double top pattern, to keep the negative pressure valid for the upcoming period, noting that the negative pattern’s targets surpass 1.3530 to reach 1.3460 followed by 1.3400.
Therefore, the bearish trend will remain dominant on the intraday and short term basis unless the price rallied to breach 1.3610 and hold above it.
The expected trading range for today is between 1.3460 support and 1.3620 resistance.
The expected trend for today: Bearish
Origin: Economies
