Currency pair analysis GBP/USD

The GBP/USD pair presented positive trades to test the EMA50 that forms a continuous resistance in front of the price. This is accompanied by the loss of the positive momentum stochastic and the start of negative crossover signs appearing on the H4 time frame. It is waiting to motivate the price to resume the main bearish trend, whose targets begin by testing the level 1.3160.

GBP/USD rate online: monitor the price movement in real time.

Stability below 1.3280 is important to continue the expected decline, as breaching it will lead the price to start a bullish corrective wave on an intraday basis, before returning to the decline again.

The expected trading range: between 1.3130 support and 1.3300 resistance.

The forecast general trend: bearish.