The GBPUSD pair provided positive trading in the previous sessions and approached 1.2200, but it begins today with bearish bias affected by stochastic negativity that appears clearly on the chart, to keep the bearish trend scenario valid and active in the upcoming sessions, waiting to visit 1.2030 as a next main station.
Note that the continuation of the expected decline depends on the price stability below 1.2250.
The expected trading range for today is between 1.2030 support and 1.2220 resistance.
The expected trend for today: Bearish
Origin: Economies
