The GBPUSD price managed to confirm breaking 1.3000$ after closing the last daily candlestick below it, to support the continuation of the bearish correction and open the way to head towards 50% Fibonacci level at 1.2866$.

Therefore, we will continue to suggest the bearish trend on the intraday and short-term basis, which gets good support by the EMA50, taking into consideration that breaching 1.3000$ and holding above it will lead the price to start recovery attempts to head towards visiting 1.3055$ areas and might extend to 1.3166$ before any new attempt to decline.

The expected trading range for today is between 1.2900$ support and 1.3050$ resistance

Trend forecast: Bearish