The GBPUSD pair trades with clear negativity now to move below 1.5085 level, supported by stochastic negative signals that appear clearly on the four hours time frame, therefore, our bearish trend expectations will remain valid efficiently in the upcoming period, waiting for visiting 1.4885 level as a next main target.
The EMA50 continues to support the expected bearish wave, its continuation conditioned by holding below 1.5245.
Expected trading range for today is between 1.5000 support and 1.5200 resistance.
Expected trend for today: Bearish