The GBP/USD pair succeeded in achieving our awaited target at 1.3605 and started rebounding upwards from there, heading towards a possible test of 1.3665 initially. Breaching this level will extend the bullish wave to reach 1.3720 as the next positive station.
Therefore, the bullish bias will be likely for today unless the 1.3605 level is broken and the price stabilizes below it, as breaking this level will pressure the price to experience an additional decline that will reach its next target at 1.3530.
The expected trading range for today: between the 1.3560 support and the 1.3720 resistance
The forecast trend for today: bullish