The GBPUSD pair provided positive trades yesterday but it stopped at the EMA50 that forms good resistance against the price, to resume the negative trading and heads towards the minor bullish channel’s support line that appears on the chart, and the price needs to break 1.2120 to get negative motive that supports the expectations of continuing the main bearish trend.
Therefore, we will keep our negative overview conditioned by the price stability below 1.2210, reminding you that our next main target is located at 1.2030.
The expected trading range for today is between 1.2060 support and 1.2220 resistance.
The expected trend for today: Bearish
Origin: Economies
