The GBPUSD pair managed to hit our first target at 1.5085 and closed the daily candlestick close, reinforcing our bearish trend expectations on the intraday and short- term basis, targeting 1.4885 level as a next main station, pointing that the price begins today with a bullish bias, affected by stochastic current positivity.
In general, the bearish trend will remain preferred in the upcoming sessions if the price settled below 1.5245 and 1.5290, pointing that the EMA50 continues to support the suggested bearish wave.
Expected trading range for today is between 1.5000 support and 1.5200 resistance.
Expected trend for today: Bearish