The GBPUSD pair attempted to breach 1.2080 level but it kept its stability below it, starting today with slight bearish bias that hints the price head to resume the main bearish trend, supported by stochastic negativity that appears clearly on the four hours’ time frame, waiting to visit 1.1930 level that represents our next main station.
Therefore, our bearish overview will remain active unless breaching 1.2080 and holding with a daily close above it.
The expected trading range for today is between 1.1960 support and 1.2140 resistance.
The expected trend for today: Bearish
Origin: Economies
