The GBPUSD pair bounced downwards clearly yesterday to approach the key resistance 1.3565, and as we mentioned in our last report, this level represents one of the next trend keys besides 1.3495 support, as the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
The contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, noting that breaching 1.3565 will confirm resume the main bullish trend that its next main target located at 1.3800, while breaking 1.3495 will push the price to test 1.3419 areas initially before any new attempt to rise.
Expected trading range for today is between 1.3450 support and 1.3650 resistance.
Expected trend for today: Neutral