The GBPUSD pair tested 1.3470 level and bounced bearishly from there, to keep the bearish trend scenario active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to visit 1.3355 as a next main target.
The EMA50 presses negatively on the price to support the expected decline, reminding you that it is important to hold below 1.3470 to continue the bearish trend.
The expected trading range for today is between 1.3350 support and 1.3480 resistance.
The expected trend for today: Bearish