The GBPUSD pair faced intraday negative pressure to approach the key support 1.3000, noticing that stochastic got rid of its negative momentum to enter the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets begin by testing 1.3145.
On the other hand, we should note that breaking 1.3000 will stop the expected rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 1.2970 support and 1.3120 resistance.
The expected trend for today: Bullish
Origin: Economies
