The GBPUSD pair shows some slight bullish bias to approach testing 1.3000 level, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.2840 followed by 1.2705 levels as next main stations.
Therefore, the bearish trend scenario will remain valid conditioned by the price stability below 1.3000, as breaching this level will lead the price to turn to rise and achieve gains that start at 1.3165 followed by 1.3265 initially.
The expected trading range for today is between 1.2870 support and 1.3050 resistance.
The expected trend for today: Bearish
Origin: Economies
