The GBPUSD pair continues to decline after confirming surpassing the EMA50, which supports the expectations of achieving more bearish bias in the upcoming period, and the way is open to achieve our first expected target at 1.2400, reminding you that breaking this level will push the price to 1.2300 as a next main station.
Therefore, the bearish trend will remain valid on the intraday and short term basis unless breaching 1.2540 and holding above it.
The expected trading range for today is between 1.2360 support and 1.2540 resistance.
The expected trend for today: Bearish
Origin: Economies
