The GBPUSD pair attempted to break 1.3525 level but it couldn’t manage to hold for long time below it, to show some slight bullish bias now, noticing that the EMA50 forms good negative pressure against the price, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which depends on the price stability below 1.3610, while our next target is located at 1.3460.
The expected trading range for today is between 1.3450 support and 1.3600 resistance.
The expected trend for today: Bearish
Origin: Economies
