The GBP/USD pair rushed upwards to breach the 1.3470 level and settle above it, which gives way to more bullish correction on the intraday term, targeting the 1.3540 level as a next stop. Breaching it will push the price to visit the 1.3595 level as a second corrective station.
The completion of the double bottom pattern that appears in the above chart supports expectations of a rise in the upcoming sessions. We should note that breaking the 1.3470 level and holding below it will stop the suggested positive scenario and pressure the price to resume the bearish wave again.
The expected trading range for today: between the 1.3420 support and the 1.3590 resistance
The forecast trend for today: bullish