The GBPUSD pair tested the bearish channel’s resistance and begins bouncing bearishly from there, to keep the bearish trend scenario active for today, waiting to target 1.2400 followed by 1.2300 levels as next main stations.
We should note that breaching 1.2550 will stop the expectations to decline and push the price to start correctional bullish wave on the short term basis.
The expected trading range for today is between 1.2400 support and 1.2580 resistance.
The expected trend for today: Bearish
Origin: Economies
