The GBP/USD pair resumed its negative trading to approach the expected target at 1.3355. We expect it to break this level and to continue the decline within the descending channel that appears on the chart, supported by the EMA50, noting that the next target extends to 1.3160.
The stability below 1.3470 is important for the continuation of the expected decline, as breaching it will push the price to make a new bullish correction before returning to resume the bearish path.
The expected trading range for today: between the 1.3300 support and the 1.3450 resistance
The forecast general trend for today: bearish