The GBPUSD pair provided clear positive trading yesterday to test the bearish channel’s resistance, and it bounced bearishly from there on its way to resume the main bearish trend, supported by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions.
Therefore, the bearish trend will remain valid and active for today conditioned by the price stability below 1.2520, reminding you that our main waited targets begin at 1.2400 and extend to 1.2300.
The expected trading range for today is between 1.2370 support and 1.2550 resistance.
The expected trend for today: Bearish
Origin: Economies
