The GBPUSD pair traded negatively on yesterday’s evening to retest the breached resistance of the intraday bearish channel, and the EMA50 meets this level to form good support at 1.3910, accompanied by stochastic reach to the thresholds of the oversold areas.
Therefore, these factors encourage us to continue suggesting the intraday bullish trend, which targets 1.4075 mainly, while achieving it requires holding above 1.3910.
The expected trading range for today is between 1.3850 support and 1.4010 resistance.
The expected trend for today: Bullish