The GBP/USD pair has settled below the support line of the bullish channel, indicating that the bearish trend is likely to persist today. This outlook is reinforced by the negative pressure from the EMA50, which necessitates price stability below the $1.3080 level. The next target for the pair is set at $1.3000.
Today’s anticipated trading range is between a support level of $1.2990 and a resistance level of $1.3145.
Trend Forecast: Bearish
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