The GBPUSD pair crawls negatively calmly to keep approaching 1.2400 level that represents our first negative target, and the price continues to move inside the bearish channel that appears on the chart, which supports the chances of continuing the bearish trend in the upcoming sessions, reminding you that our next target reaches 1.2300.
Therefore, we are waiting for more decline today conditioned by the price stability below 1.2530.
The expected trading range for today is between 1.2340 support and 1.2500 resistance.
The expected trend for today: Bearish
Origin: Economies
