The GBPUSD pair makes new test to the EMA50, along with the continuous overbought signals coming by stochastic, to keep the chances valid to resume the expected bearish trend for today, reminding you that it is important to consolidate below 1.3040 to continue the suggested decline, which targets 1.2920 level mainly.
The expected trading range for today is between 1.2920 support and 1.3080 resistance.
The expected trend for today: Bearish