The GBPUSD pair opens today’s trading positively to test the resistance line that appears on the chart, but it’s still within the main bearish channel, falling under the negative pressure that the EMA50 keeps forming, while stochastic loses its positive momentum gradually.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next main target located at 1.3160, while achieving it requires holding below 1.3355.
The expected trading range for today is between 1.3190 support and 1.3355 resistance.
The expected trend for today: Bearish