The GBPUSD price fluctuates around 1.2975$ level after the rise that it witnessed in the previous sessions, waiting to rebound bearishly to resume the correctional bearish trend, supported by the negative pressure formed by the EMA50, reminding you that the next target is located at 1.2866$.

Holding below 1.3000$ is important to the continuation of the expected decline, as breaching it will lead the price to achieve additional gains that start at 1.3065$ and extend to 1.3166$.

The expected trading range for today is between 1.2890$ support and 1.3030$ resistance

Trend forecast: Bearish