The GBPUSD pair reached few pips away from our main waited target at 1.1860, to rebound bullishly and head towards expected test to the key resistance 1.1980, affected by stochastic positivity, waiting to resume the negative trades to head towards the mentioned target followed by visiting 1.1800 barrier on the near term basis.
Until now, the bearish trend scenario still active as long as 1.1980 level remains intact, as breaching it will lead the price to achieve additional gains that reach 1.2077 before any new attempt to decline.
The expected trading range for today is between 1.1860 support and 1.2010 resistance.
The expected trend for today: Bearish
Origin: Economies
