The GBPUSD pair provided strong negative trades yesterday after confirming breaking 1.2515, to activate the bearish trend scenario on the intraday basis, which heads towards the first expected negative target at 1.2304.
Therefore, we will be waiting for more decline today, supported by the negative pressure formed by the EMA50, noting that breaching 1.2515 will stop the current negative pressure and leads the price to recover again.
The expected trading range for today is between 1.2305 support and 1.2500 resistance.
The expected trend for today: Bearish
Origin: Economies
