The GBP/USD currency pair is currently testing the $1.3000 level, maintaining stability below it, which supports the validity of the bearish trend scenario for today. The next target for this downward movement is set at $1.2866. It is important to note that breaching the $1.3000 level would invalidate the expected decline and potentially initiate a bullish wave on an intraday basis.
For today, the expected trading range is between the support level at $1.2900 and the resistance level at $1.3050.
Trend Forecast: Bearish
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