The GBPUSD pair tested the key resistance 1.3610 and bounced downwards strongly from there, to start pressing on 1.3525 level, and we expect to surpass this level to open the way to continue the decline and head towards 1.3460 as a next negative target.
Therefore, the bearish bias is expected for the upcoming sessions, supported by the negative overlapping signal provided by stochastic, taking into consideration that breaching 1.3610 will stop the suggested negative scenario and lead the price to resume the main bullish track again.
The expected trading range for today is between 1.3450 support and 1.3610 resistance.
The expected trend for today: Bearish
Origin: Economies
