The GBPUSD price confirmed breaking 1.3000$ level after ending yesterday below it, reinforcing the expectation of continuing the domination of the correctional bearish trend, waiting to visit 1.28664 that represents 50% Fibonacci correction level for the rise from 1.2300$ to 1.3434$
The EMA50 presses negatively on the price to support the expectations to decline, taking into consideration that failing to consolidate below 1.3000$ will push the price to attempt to build bullish wave and head to test 1.3115$ areas initially.
The expected trading range for today is between 1.2910$ support and 1.3050$ resistance
Trend forecast: Bearish
