The GBPUSD pair continued to rise to approach 1.3955 level, noticing that the price begins to decline now, motivated by stochastic negativity that appears on the four hours’ time frame, waiting to break 1.3875 to confirm the completion of the negative pattern followed by opening the way to achieve our main waited negative target at 1.3760.
Therefore, our bearish overview will remain valid conditioned by the price stability below 1.3955.
The expected trading range for today is between 1.3820 support and 1.3990 resistance.
The expected trend for today: Bearish