The GBPUSD pair settles below 1.2920 level after the positive attempts that it witnessed yesterday, which keeps the bearish trend scenario valid for the upcoming period, supported by the negative overlapping signal that appears on stochastic, waiting to head towards our next correctional target that reaches 1.2736.
The EMA50 supports the suggested bearish wave, which its continuation requires holding below 1.2920.
The expected trading range for today is between 1.2820 support and 1.2980 resistance.
The expected trend for today: Bearish
Origin: Economies
