The GBPUSD pair managed to touch our waited target at 1.3400 and settles around it, moving inside a bearish channel that supports the chances of continuing the decline in the upcoming period, to head towards targeting 1.3310 areas on the near term basis.
Stochastic positivity might push the price to achieve some temporary intraday gains and test 1.3460 before resuming the expected bearish trend, noting that breaching this level will stop the current negative pressure and lead the price to turn to rise.
The expected trading range for today is between 1.3310 support and 1.3470 resistance.
The expected trend for today: Bearish
Origin: Economies
