The GBPUSD pair shows negative trading to head gradually to our waited target at 1.2920, which represents 38.2% Fibonacci correction level for the rise that measured from 1.1958 to 1.3514, pointing that the EMA50 forms a continuous negative pressure to support the expectations for moving lower.
therefore, the bearish bias will remain preferred in the upcoming sessions unless the price rallied to breach 1.3150 level and holding above it.
The expected trading range for today is between 1.2920 support and 1.3100 resistance.
The expected trend for today: Bearish
Origin: Economies
