The GBPUSD pair broke the main bullish channel’s support line and settled below it, to confirm opening the way to start bearish correction for the bullish wave measured from 1.1447 to 1.4238, on its way to visit the first correctional level at 1.3580.
Therefore, we expect witnessing more decline in the upcoming sessions, organized inside the intraday bearish channel that appears on the chart, noting that the continuation of the bearish wave conditions holding below 1.3795.
The expected trading range for today is between 1.3630 support and 1.3800 resistance.
The expected trend for today: Bearish