The GBP/USD pair remains settled below the $1.3000 level, maintaining a valid and active bearish scenario. This outlook is supported by the EMA50, with the next primary target positioned at $1.2866. However, if the price breaches the $1.3000 mark and sustains trading above it, this could lead to a recovery, initiating gains with the first target at $1.3115.
The expected trading range for today is between a support level of $1.2910 and a resistance level of $1.3050.
Trend Forecast: Bearish
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