The GBPUSD pair continued to rise to test 1.1940 resistance line, keeping its stability below it, as the EMA50 meets this level to add more strength to it, waiting to resume the correctional bearish wave that its next main target located at 1.1625.
Stochastic shows clear negative signals now, waiting to motivate the price to decline in the upcoming sessions, organized inside the bearish channel that appears on the chart.
Therefore, our bearish overview will remain valid and active, noting that breaching 1.1940 followed by 1.2020 levels will stop the expected decline and lead the price to recover.
The expected trading range for today is between 1.1820 support and 1.1990 resistance.
The expected trend for today: Bearish
Origin: Economies
