The GBPUSD pair traded with strong negativity yesterday to touch 1.3000 level, noticing that the price bounced upwards quickly to move around 1.3140 level now, but as long as the price is below 1.3226, the main bearish trend scenario will remain active for the upcoming period, supported by moving below the EMA50.
The main waited target is located at 1.2962, noting that breaching 1.3226 and holding above it will stop the negative scenario and push the price to achieve gains that start at 1.3300 and extend to 1.3490.
The expected trading range for today is between 1.3030 support and 1.3226 resistance.
The expected trend for today: Bearish
Origin: Economies
