The GBPUSD pair showed clear negative trading on last Friday and attempted to break 1.3100 barrier without managing to hold below it, to show some slight bullish bias affected by stochastic positivity, while the EMA50 continues to form negative pressure against the intraday trading.
In general, we will continue to suggest the bearish trend in the upcoming period as long as the price is below 1.3225, as the price is affected by the completion of the head and shoulders' pattern that appears on chart, which targets 1.2910 followed by 1.2825 areas mainly.
Expected trading range for today is between 1.2910 support and 1.3225 resistance.
Expected trend for today: Bearish