The GBPUSD pair attempted to breach the key resistance 1.3175 but it couldn’t manage to hold for long time above it, as it begins today with bearish bias affected by stochastic negativity, to keep the price stuck between the key levels represented by the mentioned resistance and 1.3100 support, to keep our neutrality valid until now until breaching one of the mentioned levels.
We remind you that breaching the resistance will complete forming positive pattern that has positive targets that reach 1.3310, while breaking the support will press on the price to resume the bearish trend that its next main target located at 1.3000.
The expected trading range for today is between 1.3060 support and 1.3250 resistance.
The expected trend for today: Depends on the above mentioned levels
Origin: Economies
