The GBPUSD pair broke 1.3805 level strongly and ended last week below it, to activate the bearish trend scenario on the intraday and short term basis, on its way to visit 1.3670 as a next negative target.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that breaching 1.3805 will stop the negative scenario and push the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.3660 support and 1.3820 resistance.
The expected trend for today: Bearish