The pound sterling against the dollar opens today's trading with a new bearish bias, and moves below the 1.3300 barrier, reinforcing the expectations of the continuation of the bearish trend. It is also supported by the negativity of the stochastic indicator and the moving average 50, with the price waiting to head towards 1.3160, the next main target.
Stability below 1.3355 and 1.3405 is important for the continuation of the expected bearish trend, as breaching it will make the price exit from the descending channel that appears on the chart and start a bullish corrective wave in the intraday term.
The expected trading range for today: between the 1.3180 support and the 1.3355 resistance
The forecast general trend for today: bearish