The GBPUSD pair shows more decline to approach our waited target at 1.2962, noticing that the price broke the triangle’s support line that appears on the chart, which puts the price under more negative pressure on the longer term basis, paving the way to break the mentioned level and open the way to extend the bearish wave towards 1.2800 as a next target.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.3080.
The expected trading range for today is between 1.2900 support and 1.3055 resistance.
The expected trend for today: Bearish
Origin: Economies
