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The GBP/USD pair has experienced a sharp downward movement, signaling the start of a bearish correction on an intraday basis. The next key targets are set at $1.3210, with potential to extend further to $1.3130 if the first support level is broken.
For the remainder of the day, a bearish outlook is anticipated. However, if the price fails to stay below $1.3260, the expected decline could be halted, potentially triggering a recovery.
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The expected trading range for today is between $1.3180 support and $1.3310 resistance.
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Trend Forecast: Bearish for the rest of the day
