The GBPUSD pair traded with clear negativity in last Friday, to break the bearish channel’s support that appears in the image, which supports the continuation of the bearish trend scenario efficiently in the upcoming period, and the way is open towards achieving our next waited target at 1.2636.
Therefore, we wait for more of the downside moves for today, being aware that breaching 1.2830 will lead the price to make an intraday bullish correction that targets testing 1.2890 levels and it might extend to 1.2962 before any new attempt to decline.
The expected trading range for today is between 1.2636 support and 1.2800 resistance.
The expected trend for today: Bearish
Origin: Economies
