The GBPUSD pair bounced lower after testing the EMA50 in the last sessions, to begin pressing on the support line that appears in the image, waiting for more of the downside moves to test 1.2920 level that represents our initial main target.
therefore, the bearish trend scenario will remain active in the upcoming period unless breaching 1.3150 level and holding above it, pointing that breaking 1.2920 will push the price to visit the next correctional level at 1.2736.
The expected trading range for today is between 1.2900 support and 1.3050 resistance.
The expected trend for today: Bearish
Origin: Economies
