The GBPUSD pair could not manage to breach 1.2515 level, to trade with clear negativity and begins pressing on 1.2400 level now, which makes us suggest witnessing more decline in the upcoming sessions, to head towards testing 1.2304 level initially.
Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 1.2515.
The expected trading range for today is between 1.2300 support and 1.2500 resistance.
The expected trend for today: Bearish
Origin: Economies
