The GBPUSD pair couldn’t manage to hold for long time above 1.3175, to press on the key support 1.3145 now, which makes us prefer to stay neutral temporarily until we get clearer signal for the next trend, which we will get through breaking this support or breaching 1.3235 resistance.
Note that breaching the mentioned resistance will push the price to resume the correctional bullish track that its next target located at 1.3310, while breaking the support will press on the price to return to the main bearish trend and head towards 1.3000 mainly.
The expected trading range for today is between 1.3060 support and 1.3240 resistance.
The expected trend for today: Neutral
Origin: Economies
