The GBPUSD pair traded with clear positivity yesterday after surpassing 1.3040 level, to test the key resistance 1.3150 and settles there, accompanied by witnessing overbought signals through stochastic, waiting to motivate the price to rebound bearishly and resume the correctional bearish trend.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless we witnessed clear breach and hold above 1.3150, reminding you that the main expected target located at 1.2920.
The expected trading range for today is between 1.3040 support and 1.3200 resistance.
The expected trend for today: Bearish
Origin: Economies
