The GBPUSD pair fluctuates around 1.2920 level, noticing that the EMA50 forms good negative pressure to support the expectations of continuing the recently suggested negative scenario, which moves inside the bearish channel that appears on the chart, waiting to resume the bearish bias to head towards 1.2736 level that represents our next correctional station.
Therefore, we will keep our bearish overview for the upcoming period unless breaching 1.2970 level and holding above it.
The expected trading range for today is between 1.2850 support and 1.3000 resistance.
The expected trend for today: Bearish
Origin: Economies
