The GBPUSD pair keeps its stability below the intraday bearish channel’s resistance, falling under negative pressure formed by the EMA50, while stochastic overlaps negatively now.
Therefore, these factors encourage us to continue suggesting the bearish trend on the intraday basis, which targets testing 1.3775 mainly, noting that breaching 1.3895 will stop the negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Bearish