The GBPUSD pair succeeded to achieve our waited target at 1.2962 and broke it to settle with a daily close below it, which supports the expectations of extending the bearish wave on the short term basis, paving the way to head towards 1.2800 as a next main station.
Therefore, we are waiting for more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, conditioned by the price stability below 1.2962 and 1.3005 levels.
The expected trading range for today is between 1.2850 support and 1.3000 resistance.
The expected trend for today: Bearish
Origin: Economies
