The GBPUSD price faced negative pressure to break 1.3220$ and trade below the bullish channel’s resistance line, to start bearish correction for the rise that started from 1.2665$ areas and head towards achieving negative targets that start by testing 1.3124$ level, noting that breaking this level will push the price to visit 1.3036$ as a next negative station.
Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching 1.3235$ will stop the expected decline and lead the price to resume the main bullish track again.
The expected trading range for today is between 1.3125$ support and 1.3275$ resistance.
Trend forecast: Bearish
