The GBPUSD pair retested the previously broken neckline of the double top pattern and begins to bounce lower from there, which supports the continuation of our bearish trend expectations efficiently in the upcoming sessions, waiting for breaking 1.3295 level to confirm the extension of the bearish wave to 1.3196, pointing that holding below 1.3419 represents the most important condition for achieving the suggested targets.
Expected trading range for today is between 1.3250 support and 1.3419 resistance.
Expected trend for today: Bearish