The GBP/USD currency pair is currently trading negatively, approaching the critical $1.3000 level. A break below this level would reinforce expectations of a continued corrective bearish trend, with the next target set at $1.2866.
The bearish trend remains valid and active unless the price breaches the $1.3060 level and holds above it.
For today, the anticipated trading range is between the support level at $1.2970 and the resistance level at $1.3110.
Trend Forecast: Bearish
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