The GBPUSD pair broke the main bullish channel’s support line clearly and settled below it, which stops the recently suggested positive scenario and press on the price to achieve some expected bearish correction in the upcoming sessions, targeting visiting 1.3970 followed by 1.3915 areas initially.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.4120 level and hold above it.
The expected trading range for today is between 1.3970 support and 1.4120 resistance.
The expected trend for today: Bearish
Origin: Economies
