The GBPUSD pair achieved strong break to the bullish trend line that appears on the chart, to decline strongly in the previous sessions, settling below 1.3100 barrier, which puts the price under more expected negative pressure today, waiting to test the key support 1.2980 as a next main target.
Therefore, the bearish bias will be expected on the intraday basis, taking into consideration that breaching 1.3200 will stop the current negative pressure and leads the price to resume the main bullish trend again.
The expected trading range for today is between 1.2980 support and 1.3180 resistance.
The expected trend for today: Bearish
Origin: Economies
