The pound sterling against the dollar traded sharply downward yesterday after testing the 1.3355 level. The price touched the 1.3200 barrier and rebounded upwards to approach testing the 1.3355 level again. The EMA50 meets with this level to add more strength to it, which supports the continuation of the bearish trend scenario that targets the 1.3160 level, mainly.
Breaching 1.3355 will push the price to test the descending channel's resistance at 1.3435 before any new attempt to decline.
The expected trading range for today: between the support 1.3210 and the resistance 1.3380
The forecast general trend for today: bearish