The GBPUSD price fluctuates around the EMA50, which continues to form good resistance barrier against the price, while the RSI loses its positive moment gradually, thus, we believe that the chances valid to resume the correctional bearish trend, reminding you that the expected targets begin by surpassing 1.3000$ to confirm opening the way to head towards 1.2866$.

We should note that breaching 1.3060$ will push the price to achieve additional gains and test 1.3130$ - 1.3166$ areas before any new attempt to decline.

The expected trading range for today is between 1.2970$ support and 1.3110$ resistance

Trend forecast: Bearish