The GBPUSD pair settles below 1.2304 level, to keep the negative pressure valid for the upcoming period, and the price needs to get negative motive that supports the expectations of declining towards 1.2093 that represents our first negative target.
On the other hand, note that breaching 1.2304 will stop the suggested negative scenario and push the price to resume the correctional bullish track, which its next target located at 1.2515.
The expected trading range for today is between 1.2150 support and 1.2350 resistance.
The expected trend for today: Bearish
Origin: Economies
