The GBPUSD pair bounced downwards strongly after failing to breach 1.3145 level, to trade inside the bearish channel again, which leads the price to achieve more expected decline in the upcoming sessions, targeting testing 1.3000 again.
Therefore, the bearish bias will be suggested for today, and breaking the targeted level will push the price to 1.2920 as a main negative target, while breaching 1.3145 represents the key to achieve new bullish correction that its next target reaches 1.3235.
The expected trading range for today is between 1.2980 support and 1.3145 resistance.
The expected trend for today: Bearish
Origin: Economies
