The GBP/USD pair tests the resistance line again, and clear overbought signs are noticed on the stochastic indicator, while the EMA50 continues to press negatively on the price.
These factors encourage us to continue suggesting a bearish trend for the upcoming period. Its targets are 1.3160 and 1.3050 after breaking the previous level. Continuation of the bearish wave requires stability below 1.3330.
The expected trading range for today: between the 1.3130 support and the 1.3300 resistance
The forecast general trend for today: bearish