The GBPUSD pair settles around 1.4045 level, and fluctuates at the EMA50 that forms intraday support against the price, noticing that stochastic loses its positive momentum clearly, to support the chances of resuming the expected bearish trend for the upcoming period, which its next targets located at 1.3970 followed by 1.3915.
Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that breaching 1.4120 will stop the expected decline and push the price back to the main bullish channel again.
The expected trading range for today is between 1.3950 support and 1.4120 resistance.
The expected trend for today: Bearish