The GBPUSD pair completed forming head and shoulders’ pattern that appears on the chart, thus, the chances are valid to provide more negative trades in the upcoming sessions, and the targets begin by surpassing the waited target at 1.1015 to reach 1.0845 as a next negative station.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, taking into consideration that breaching 1.1186 will stop the current negative pressure and lead the price to turn to rise.
The expected trading range for today is between 1.0990 support and 1.1150 resistance.
The expected trend for today: Bearish
Origin: Economies
