The GBPUSD pair returns to test the resistance line that appears on the chart, accompanied by witnessing clear overbought signals through stochastic, while the EMA50 keeps pressing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.3160 followed by 1.3050 after breaking the previous level, noting that the continuation of the bearish wave requires holding below 1.3330.
The expected trading range for today is between 1.3130 support and 1.3300 resistance.
The expected trend for today: Bearish
Origin: Economies
