The GBPUSD pair shows new test to the key resistance that rises now to 1.3100, which represents the previously broken bullish trend line as appears on the chart, noticing that stochastic meets this level to add more strength to it, while stochastic shows overbought signals.
Therefore, these factors encourage us to keep our bearish overview for the upcoming sessions, waiting to visit 1.2962 level as a next main station, taking into consideration that breaching 1.3100 will stop the expected decline and push the price to target 1.3226 level mainly.
The expected trading range for today is between 1.3000 support and 1.3160 resistance.
The expected trend for today: Bearish
Origin: Economies
