The GBPUSD pair managed to touch 1.1800 level and attempted to break it, but it returns to trade above it, and the bearish trend scenario still active as long as the price is below 1.1915, supported by stochastic loss to the positive momentum, waiting to head towards our extended negative target at 1.1700.
On the other hand, we should note that breaching 1.1915 might push the price to achieve intraday gains that target testing 1.2040 areas before any new attempt to decline.
The expected trading range for today is between 1.1740 support and 1.1900 resistance.
The expected trend for today: Bearish
Origin: Economies
