The GBPUSD pair ended yesterday above 1.2920, to hint the price head to attempt to regain the bullish trend, but it faces negative pressure formed by the EMA50, which makes us prefer staying aside until we get clearer signal for the next trend, which we will get through breaking 1.2920 support or breaching 1.2975 resistance.
Note that breaking the mentioned support will press on the price to head towards the next correctional level at 1.2736, while breaching the resistance will lead the price to achieve new gains that start at 1.3150.
The expected trading range for today is between 1.2850 support and 1.3050 resistance.
The expected trend for today: Neutral
Origin: Economies
