The GBPUSD pair shows some bullish bias after reaching 1.3000 barrier yesterday, noticing that stochastic loses its positive momentum to support the chances of bouncing bearishly and resume the bearish trend in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1.3226 level and holding above it, noting that the main waited target is located at 1.2962.
Expected trading range for today is between 1.2962 support and 1.3150 resistance.
Expected trend for today: Bearish