The GBPUSD pair continued to rise to test 1.3172 level, noticing that the price begins to decline again in attempt to move away from this level, motivated by the overlapping signal provided by stochastic, waiting for more decline in the upcoming sessions.
Therefore, we expect the continuation of the bearish bias today, and the targets begin at 1.3100 and extend to 1.3000, noting that breaching 1.3172 will push the price to achieve additional gains that reach 1.3255.
The expected trading range for today is between 1.3060 support and 1.3220 resistance.
The expected trend for today: Bearish
Origin: Economies
