The GBPUSD pair traded with strong negativity on last Friday to approach our waited target at 1.2962, showing some bullish bias now affected by stochastic positivity, on its way for a potential test to the key resistance 1.3110.
The price stability below the mentioned resistance will keep the bearish trend scenario active for the upcoming period, waiting to test 1.2962 level mainly, noting that breaching 1.3110 resistance will lead the price to start recovery attempts that target 1.3226 areas initially.
The expected trading range for today is between 1.2962 support and 1.3110 resistance.
The expected trend for today: Bearish
Origin: Economies
