The GBPUSD pair provided strong negative trades yesterday after confirming breaking 1.2515 level, to test 1.2400 barrier, which pushes the price to achieve more expected decline in the upcoming period, and the way is open to visit 1.2304 as a next negative target.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that the continuation of the bearish wave conditions holding below 1.2515.
The expected trading range for today is between 1.2320 support and 1.2515 resistance.
The expected trend for today: Bearish
Origin: Economies
