The tight range continues to dominate the GBPUSD pair’s trading, which moves around 1.3000 barrier, thus, no change to the expected bearish trend scenario on the intraday basis, which targets 1.2920 as a next correction station, noting that the EMA50 supports the expected decline, which will remain valid unless breaching 1.3150 level and holding above it.
The expected trading range for today is between 1.2940 support and 1.3090 resistance.
The expected trend for today: Bearish