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The GBP/USD pair is currently testing the recently breached resistance level of its main bullish channel, positioning itself to resume the primary bullish trend, with a target of $1.3500 as the next significant milestone.
As such, we maintain our bullish outlook for the near term. However, a break below the $1.3325 level would signal a potential bearish correction, with initial targets at $1.3266 and extending to $1.3215.
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The expected trading range for today is set between a support level of $1.3310 and a resistance level of $1.3480.
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Trend Forecast: Bullish
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