The GBPUSD pair shows tight sideways trading since yesterday, and the negative effect of the head and shoulders’ pattern still active, waiting to resume the bearish wave to break 1.1015 and open the way to rally towards 1.0845 as a next negative target.
Therefore, our bearish overview will remain valid for today, noting that breaking the targeted level will push the price to 1.0635 direct, while the expected decline will remain valid conditioned by the price stability below 1.1186.
The expected trading range for today is between 1.0940 support and 1.1100 resistance.
The expected trend for today: Bearish
Origin: Economies
