Preferences: BEARISH
Reference Area: 1.38786-1.39497 (search for BEARISH signal confirmation)
Support: 1.37635, 1.36924, 1.36129
Resistance: 1.38786, 1.39497, 1.40648
Comment:
GBPUSD is still continuing a bearish bias for today. As a trading strategy based on forex analysis today you can re-locate the sell position if a pull-back occurs to the reference area at the range 1.38786-1.39497 with potential target up to the range 1.38346-1.37635.
Otherwise be careful if the 1.39497 resistance breaks invalid as it will turn the intraday bias to bullish and potentially will lift the sterling up to the range 1.39937-1.40648.