The GBPUSD pair trades with clear negativity to reach our waited target at 1.3800, and we expect surpassing this level to head towards our extended target at 1.3730.
Therefore, the bearish trend scenario will remain valid and active for the rest of the day conditioned by the price stability below 1.3850, noting that the EMA50 keeps supporting the suggested bearish wave.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Bearish