The GBPUSD pair succeeded to touch our waited target at 1.2636 and settles near it, and it is expected to face more negative pressure supported by the EMA50, noting that breaking this level will push the price towards 1.2550 followed by 1.2400 levels mainly.
Therefore, the bearish bias will remain expected for the upcoming sessions, noting that breaching 1.2750 will lead the price to start recovery attempts that target 1.2860 followed by 1.2963 areas mainly.
The expected trading range for today is between 1.2550 support and 1.2750 resistance.
The expected trend for today: Bearish
Origin: Economies
