The GBPUSD pair provided positive trades on last Friday’s evening to retest the broken support of the bullish channel that appears on the chart, and opened today with bullish gap, but it covers it to remain stable out of the mentioned channel, accompanied by witnessing negative signals through stochastic now.
Therefore, these factors encourage us to keep the main negative scenario, which depends on the price stability below 1.1340, while its main targets begin at 1.1145 and extend to 1.0920.
The expected trading range for today is between 1.1200 support and 1.1380 resistance.
The expected trend for today: Bearish
Origin: Economies
