The GBPUSD price provided clear negative trades yesterday to reach 1.2900$ barrier, reinforcing the expectations of continuing the correctional bearish trend, which targets 1.2866$ as a next station, noting that breaking this level will extend the bearish wave to reach 61.8% Fibonacci correction level around 1.2735$.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3000$ will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2840$ support and 1.3000$ resistance

Trend forecast: Bearish