The pound sterling against the dollar maintained stability below the 1.3470 level, and rebounded downwards from there to resume the expected bearish path for the upcoming period. The way is open to visiting the 1.3355 level as the first target.
Therefore, we await more decline today, noting that breaking the target level will extend the descending wave to reach 1.3160 in the near term. Stability below 1.3470 is an important condition for the continuation of the bearish trend.
The expected trading range for today: between the 1.3320 support and the 1.3480 resistance
The forecast general trend for today: bearish