The GBPUSD pair managed to break 1.2920 level and closed the daily candlestick below it, which supports the expectations of extending the correctional bearish wave, which its next target located at 1.2736.
Therefore, we are waiting for more decline in the upcoming sessions, supported by the EMA50, taking into consideration that breaching 1.2920 will stop the current negative pressure and push the price to start recovery attempts that target testing 1.3010 areas initially.
The expected trading range for today is between 1.2810 support and 1.2980 resistance.
The expected trend for today: Bearish
Origin: Economies
