The GBPUSD pair succeeded to achieve our waited target yesterday at 1.2215, and returns to fluctuate near 1.2295 level and keeps the daily close below it, accompanied with stochastic reach to the overbought levels and the begin of negative signals appearance on the four hours time frame, therefore, the chances available to decline again in the upcoming sessions, pointing that the next target extend to 1.2065.
The EMA50 supports the expected decline, which will remain valid unless breaching 1.2295 then 1.2650 levels and holding above them.
The expected trading range for today is between 1.2180 support and 1.2360 resistance.
The expected trend for today: Bearish
Origin: Economies
