The GBPUSD pair bounced bearishly after testing 1.3355 level, supported by the negative pressure formed by the EMA50, waiting for more decline to head towards our main expected target at 1.3160.
In general, we will continue to suggest the bearish trend on the intraday and short term basis, organized inside the bearish channel that appears on the chart, unless the price rallied to breach 1.3355 followed by 1.3415 levels and hold above them.
The expected trading range for today is between 1.3190 support and 1.3355 resistance.
The expected trend for today: Bearish
Origin: Economies
