The GBPUSD price provided negative trades yesterday to approach our first waited target at 1.3000$, which represents 38.2% Fibonacci correction level for the rise that appears on the chart, and we suggest breaking this level to achieve additional bearish correction that its next target reaches 1.2866$.
The EMA50 presses negatively on the price to support the expectations of continuing the bearish trend, noting that breaching 1.3095$ will stop the negative scenario and lead the price to return to the main bullish track again.
The expected trading range for today is between 1.2970$ support and 1.3130$ resistance.
Trend forecast: Bearish
