The GBP/USD currency pair is currently exhibiting a bearish bias, moving towards a potential test of the key support level at $1.3355. This downward movement is influenced by negative signals from the Relative Strength Index (RSI). As noted earlier, it is crucial for the price to remain above this support level to keep the bullish trend intact for today. A break below this support could lead to a decline in prices.
To confirm a bullish trajectory towards the next target of $1.3500, the price needs to surpass the resistance barrier at $1.3400.
The expected trading range for today is between support at $1.3355 and resistance at $1.3505.
Trend Forecast: Bullish
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