The GBPUSD pair resumes its negative trading clearly to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next negative target at 1.1100, noting that breaching 1.1255 will stop the current negative pressure and lead the price to start new bullish correction on the intraday basis.
The expected trading range for today is between 1.1110 support and 1.1220 resistance.
The expected trend for today: Bearish