The GBPUSD pair settled below the previously broken bullish trend line after the positive attempts that it witnessed yesterday, to keep the bearish trend scenario active in the upcoming sessions, supported by the negative pressure formed by the EMA50, waiting to visit 1.2962 level as a next main station.
Note that breaching 1.3090 and holding above it will push the price to achieve intraday gains that begin by testing 1.3226 level initially.
The expected trading range for today is between 1.2960 support and 1.3120 resistance.
The expected trend for today: Bearish
Origin: Economies
