The bearish sentiment is likely to dominate the Sterling today.
The Sterling remains near all three moving averages.
The pair's movement today is dependent on its ability to breach the strong resistance cluster at 1.3545.
The pair's movement today is dependent on its ability to breach the strong resistance cluster at 1.3555.
The following hours are likely to demonstrate which direction is to prevail in this session.
Given the strong resistance of the 200-hour SMA, the Sterling should not exceed the 1.3580 mark today .
Fundamental events should guide the GBP/USD exchange rate today.
The Pound fails to overcome the 100-hour SMA once again.
The 100-hour SMA could pressure the rate lower today.
The Pound continued to decline on Friday against the US Dollar, as the rate reached new low levels.
GBP/USD was located near the senior channel early on Thursday with slight upside potential.
GBP/USD was located near the senior channel early on Wednesday.
The Pound remained stable against the Greenback on Tuesday morning; upward momentum is expected today.
Bulls are likely to dominate the pair in this session following the massive plunge mid-Friday.
GBP/USD is likely to be guided by fundamentals in this session.
The Sterling is likely to decline today due to a strong resistance cluster at 1.3970.
The Sterling is likely to hinder near the psychological 1.40 level today.
Bullish sentiment is expected to prevail in this session.
It is expected that the senior channel holds the Pound and thus allows for a recovery today.
It is likely that bulls try to regain some positions today after the massive two-day plunge.
The Pound consolidates after yesterday's plunge.
Yesterday's bearish sentiment expected to prevail in this session, as well.
The pair continued to push higher on Tuesday morning; however, this upward momentum should allay during the following hours.
The 55-hour SMA is likely to continue guiding the Sterling.