The GBP/USD pair opens today's trading positively, and is expected to test the resistance level that appears on the chart above. However, it is still within the main descending channel, and it is under the negative pressure from EMA50, while the stochastic indicator is gradually losing its positive momentum.
These factors encourage us to continue suggesting a bearish trend for the upcoming period, whose next main target is at 1.3160, while stability below 1.3355 is required to reach it.
The expected trading range for today: between the 1.3190 support and the 1.3355 resistance
The forecast general trend for today: bearish