The GBPUSD pair managed to confirm breaking the EMA50 and holds below it, which supports the expectations of continuing the bearish trend in the upcoming period, and the way is open to achieve our waited target at 1.2800, noting that surpassing this level will push the price towards 1.2636 as a next main station.
Therefore, we will continue to suggest the bearish trend unless breaching 1.2962 level and holding above it.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bearish
Origin: Economies
