The GBPUSD pair ended yesterday negatively to press on 1.3000 level, attempting to start today below this level, to support the expectations of continuing the bearish trend on the intraday basis, reminding you that our next target is located at 1.2900.
The EMA50 continues to support the suggested bearish wave, noting that failing to break 1.3000 might push the price to start recovery attempts and achieve gains that start at 1.3100 and might extend to 1.3145 before any new attempt to decline.
The expected trading range for today is between 1.2910 support and 1.3060 resistance.
The expected trend for today: Bearish
Origin: Economies
