The GBPUSD pair succeeded to touch our main waited target at 1.2800 and settles around it, noticing that the price presses negatively on this level to move below it now, which supports the expectations of extending the bearish wave to target 1.2636 level on the near term basis.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, noting that breaching 1.2840 might push the price for intraday bullish correction that targets testing 1.2962 areas mainly before any new attempt to decline.
The expected trading range for today is between 1.2700 support and 1.2880 resistance.
The expected trend for today: Bearish
Origin: Economies
