The GBPUSD pair showed new attempt to breach 1.3226 level but it returns to settle below it, as it provided clear negative trades to surpass the EMA50, which supports the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that our waited targets begin at 1.3100 and extend to 1.2962.
We should note that breaching 1.3226 and holding above it will stop the suggested bearish wave and push the price to achieve gains that start at 1.3300 and extend to 1.3490.
The expected trading range for today is between 1.3100 support and 1.3240 resistance.
The expected trend for today: Bearish