The GBPUSD pair approached testing the key resistance 1.3000 and bounced bearishly from there, to keep the bearish trend scenario valid and active in the upcoming sessions, organized inside the bearish channel that appears on the chart, supported by stochastic and the EMA50 negativity, waiting to visit 1.2845 followed by 1.2705 levels that represent our next main targets.
On the other hand, we should note that breaching 1.3000 will stop the expected decline and leads the price to regain the main bullish trend again.
The expected trading range for today is between 1.2830 support and 1.3000 resistance.
The expected trend for today: Bearish