The GBPUSD pair succeeded to reach our first waited target at 1.2963 and presses negatively on it in attempt to break it, which supports the chances of extending the bearish wave on the short term basis, as our next target is located at 1.2800, affected by the double top pattern that appears on the chart.
Therefore, we will continue to suggest the bearish trend for the rest of the day unless breaching 1.3055 followed by 1.3105 levels and holding above them.
Expected trading range for today is between 1.2930 support and 1.3110 resistance.
Expected trend for today: Bearish