The GBPUSD price keeps its stability below 1.3000$, which keeps our bearish overview valid, reminding you that we are waiting to visit the next correctional level at 1.2866$.

The negative pressure formed by the EMA50 supports the continuation of the suggested bearish wave, while breaching 1.3000$ will lead the price to attempt to regain the main bullish trend again, to head towards achieving gains that start by testing 1.3070$ and might extend to 1.3166$ areas.

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

Trend forecast: Bearish