The GBPUSD pair trades with bearish bias since morning approaching form the psychological barrier which forms a support base now at 1.7000, while stochastic keeps moving in the oversold levels.
Until now, we will keep the suggested positive scenario in our last reports unless we witness a daily close below 1.7040 – 1.7000 levels, which will turn the intraday trading towards the downside and stops the current positive expectations.
Expected trading range for today is between: 1.7000 support and 1.7200 resistance.
Expected trend for today: Bullish