The GBPUSD pair returns to decline strongly and press on 1.3000 level again, while stochastic approaches to provide negative overlapping signal on the four hours’ time frame, which supports the continuation of our bearish overview for the rest of the day, targeting 1.2962 level as a next main station, noting that the EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 1.3226.
Expected trading range for today is between 1.2962 support and 1.3150 resistance.
Expected trend for today: Bearish