The GBPUSD price continues to decline to approach our first waited target at 1.3124$, which represents 23.6% Fibonacci correction level for the rise from 1.2664$ to 1.3265$, which means that breaking it will extend the bearish wave to reach 1.3036$ areas as next negative stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3235$ will stop the negative scenario and lead the price to rise again.
The expected trading range for today is between 1.3075$ support and 1.3225$ resistance.
Trend forecast: Bearish
