The GBPUSD pair tested 1.3000 level and bounced bearishly from there, which keeps the bearish trend scenario valid for the upcoming period, supported by stochastic negativity, waiting for more decline to visit 1.2840 followed by 1.2705 levels as next main stations.
We should note that breaching 1.3000 and holding above it will stop the expected decline and push the price to achieve new gains that start at 1.3165 and extend to 1.3265.
The expected trading range for today is between 1.2840 support and 1.3030 resistance.
The expected trend for today: Bearish
Origin: Economies
