The pound sterling against the dollar traded with strong negativity yesterday after breaking the 1.3500 level and reached the expected negative target at 1.3415. It starts today with more bearish bias and is expected to break this level and settle below it, confirming the shift to the downside. It is heading towards more negative targets, as we expect it to test the 1.3300 areas in the near term.
Therefore, a bearish trend will be likely in the upcoming sessions, noting that breaching 1.3475 will stop the current negative pressure and lead the price to some intraday gains.
Expected trading range for today: between the 1.3300 support and the 1.3475 resistance
Forecast general trend for today: bearish