The GBPUSD pair achieved a break to 1.2840 level and closed the daily candlestick below it, to begin a bearish correction on the intraday basis, where we expect targeting 1.2765 then 1.2615 levels as next main stations.
On the other hand, the price completed forming a double top pattern that its lines appear in the image, to support the expectations of moving lower in the upcoming sessions, taking into consideration that breaching 1.2840 and holding above it will stop the expected bearish bias and pushes the price to recover.
The expected trading range for today is between 1.2720 support and 1.2900 resistance.
The expected trend for today: Bearish
Origin: Economies
