The GBPUSD pair faced strong negative pressure yesterday, as it surpassed the EMA50 to attack 1.2920 level and breaks it to settle below it now, which stops the recently suggested positive scenario and presses on the price to achieve more bearish correction on the intraday and short term basis, paving the way to head towards 1.2736 as a next correctional target.
Therefore, the bearish trend will be suggested for today unless the price managed to step above 1.2920 and consolidate above it.
The expected trading range for today is between 1.2820 support and 1.2980 resistance.
The expected trend for today: Bearish
Origin: Economies
