The GBPUSD pair settles below 1.3100 barrier, to keep the negative pressure valid for today, reminding you that we are waiting to test 1.2962 level before attempting to rise again.
Stochastic keeps declining to approach the oversold areas, to support the chances of bouncing bullishly and resume the bullish trend on the short term basis, noting that breaching 1.3125 will stop the current negative pressure and push the price to rise again.
Expected trading range for today is between 1.2962 support and 1.3160 resistance.
Expected trend for today: Bearish