The GBPUSD pair continued to decline yesterday to reach the bullish channel’s support line, and begins to rebound bullishly from there, motivated by stochastic current positivity, waiting for more rise to resume the expected bullish trend on the intraday and short term basis, which its next target located at 1.3815.
Holding above 1.3650 is important to continue the expected rise, as breaking it will press on the price to start correctional bearish wave before turning back to rise again.
The expected trading range for today is between 1.3630 support and 1.3780 resistance.
The expected trend for today: Bullish