The GBPUSD pair managed to break 1.2636 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to achieve our next targets that begin at 1.2550 and extend to 1.2400, noting that holding below 1.2636 represents initial condition to continue the suggested decline, as breaching it might push the price to achieve intraday gains that reach 1.2750 before any new attempt to decline.
The expected trading range for today is between 1.2550 support and 1.2700 resistance.
The expected trend for today: Bearish
Origin: Economies
