The GBP/USD pair rebounded temporarily after approaching our awaited target at 1.3415, and we notice that the stochastic indicator begins to cross to negative signs now. We expect that to contribute to pushing the price down to resume the descending wave, noting that breaking the mentioned level will push the price to 1.3300 as the next negative stop.
From here, our bearish trend expectations will remain valid unless the price rushes to breach 1.3530 and stabilizes above it.
The expected trading range for today is between 1.3390 support and 1.3530 resistance
The forecast general trend for today: bearish