31.01.2022
The pound sterling dollar pair found strong support at the 1.3400 level, to show some slight positive attempts, while it is still inside the bearish channel that appears on the image, and is under continuous negative pressure from the EMA50, to keep the bearish trend scenario valid and effective for the upcoming period, next target is at 1.3310.
Stability below 1.3460 is important to continue the expected decline, as breaching it will lead the price to try to stop the current bearish correction and restore the main bullish trend.
The expected trading range for today is between 1.3310 support and 1.3470 resistance.
The forecast general trend for today: Bearish
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