The GBPSEK pair has been subjected to significant bearish pressures, resulting in frequent closings below the MA55, which has contributed to strengthening the 13.5250 barrier. The pair has also experienced negative movement, with the price touching 13.3945. Moreover, the stochastic indicator continues to generate negative momentum, increasing the likelihood of accumulating additional downward pressure.
These factors collectively suggest the potential for further bearish attempts. The next targets might extend to 13.3540 and subsequently reach the additional support level at 13.3190.
The projected trading range for today is expected to fluctuate between support at 13.3540 and resistance at 13.4530.
In summary, the prevailing trend for today is anticipated to be bearish, with the GBPSEK pair facing ongoing negative pressure and the potential for further declines.