The GBPUSD pair tests the EMA50 again, and as we mentioned this morning, the price needs to hold below 1.3905 to keep the bearish trend valid for today, affected by the head and shoulders’ pattern that appears on the chart, reminding you that our main negative target is located at 1.3695.
The expected trading range for today is between 1.3780 support and 1.3940 resistance.
The expected trend for today: Bearish