The GBP/USD pair shows slight positive trades to test the resistance line that appears on the chart above. The price maintains stability below the resistance level, forming the first protection factor for the bearish trend within the main descending channel, waiting for the rebound downwards to head to our main expected target at 1.3160.
The moving average 50 continues to support the suggested bearish wave, which will remain valid unless the price rushes to breach 1.3355 and stabilize above it.
The expected trading range for today: between the 1.3160 support and the 1.3340resistance
The forecast general trend for today: bearish