The GBP/USD pair shows sideways trading and settles near the 1.3400 level. It is under the negative pressure that the EMA50 continues to show, awaiting the resumption of the descending pattern, whose next target is at 1.3355. Breaking this level is required to confirm the path towards 1.3160.
On the other hand, breaching 1.3470 will stop the expected decline and lead the price to make more bullish correction, whose next target is at 1.3535.
The expected trading range for today: between the 1.3340 support and the 1.3500 resistance
The forecast general trend for today: bearish