The GBPUSD pair retests the previously broken bullish trend line that turns into key resistance now at 1.3080, accompanied by stochastic entering the overbought areas, which forms negative motive that we expect to push the price to rebound bearishly in the upcoming sessions, reminding you that our main target is located at 1.2962.
Note that breaching 1.3080 followed by 1.3100 levels will stop the suggested negative scenario and push the price to achieve intraday gains that start at 1.3226.
The expected trading range for today is between 1.2980 support and 1.3150 resistance.
The expected trend for today: Bearish