The GBPUSD pair resumed its negative trading clearly to reach 1.1740 level, reinforcing the expectations of continuing the bearish trend in the upcoming period, noting that our next target is located at 1.1650.
The negative pressure formed by the EMA50 supports the suggested decline, noting that breaching 1.1835 will stop the current negative pressure and push the price to start temporary bullish correction that its first target reaches 1.1970.
The expected trading range for today is between 1.1680 support and 1.1835 resistance.
The expected trend for today: Bearish
Origin: Economies
