The GBPUSD pair attempted to break 1.3525 level yesterday but it couldn’t manage to hold for long time below it, to fluctuate above it again, noticing that the EMA50 forms continuous negative pressure against the price, waiting to resume the bearish bias to break the mentioned level and rally towards 1.3460 as a next main station.
On the other hand, we should note that surpassing 1.3550 followed by 1.3610 levels will stop the expected decline and lead the price to achieve new gains on the intraday and short term basis.
The expected trading range for today is between 1.3450 support and 1.3600 resistance.
The expected trend for today: Bearish
Origin: Economies
