The GBP/USD pair rebounded to the downside after testing the 1.3355 level; now it is supported by the negative pressure formed by the EMA50, waiting for more decline to head towards our expected main target at 1.3160.
In general, we will continue to suggest the bearish trend on the intraday and short-term basis, within the descending channel that appears on the chart, unless the price rushes to breach 1.3355 and 1.3415, and stabilizes above these levels.
The expected trading range for today: between the 1.3190 support and the 1.3355 resistance
The forecast general trend for today: bearish