The GBPUSD pair managed to achieve our waited target at 1.2920 and settles there, falling under the negative pressure formed by the EMA50, which supports the chances of breaking the mentioned level to open the way to achieve more bearish correction on the short term basis, as our next target is located at 1.2736.
Therefore, we will continue to suggest the bearish bias for the upcoming period, taking into consideration that breaching 1.2995 represents the first positive factor to start recovery attempts that target testing 1.3150 initially.
The expected trading range for today is between 1.2850 support and 1.3000 resistance.
The expected trend for today: Bearish
Origin: Economies
