The GBPUSD pair returns to decline after the temporary rise that it witnessed yesterday, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to provide more negative trades to visit 1.1605 that represents our first main target.
The EMA50 continues to support the suggested bearish wave, taking into consideration that breaching 1.1750 will lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 1.1600 support and 1.1750 resistance.
The expected trend for today: Bearish
Origin: Economies
