The GBPUSD pair’s recent trade are confined within sideways track that we believe it represented negative pattern that supports the chances of continuing the main bearish trend, noticing that stochastic loses its positive momentum clearly and approaches to provide negative overlapping signal, waiting to motivate the price to resume the bearish wave that its next main target located at 1.1300.
Therefore, we will keep our bearish overview unless breaching 1.1460 and holding above it.
The expected trading range for today is between 1.1330 support and 1.1480 resistance.
The expected trend for today: Bearish
Origin: Economies
