The GBPUSD pair keeps its stability below 1.2515, noticing that the price moves within intraday bearish channel that appears on the chart, which supports the chances of heading towards our waited negative target at 1.2304.
In general, we will continue to suggest the bearish trend as long as 1.2515 remains intact, supported by the negative pressure formed by the EMA50, noting that breaking the targeted level will extend the bearish wave to reach 1.2093 as a next main station.
The expected trading range for today is between 1.2305 support and 1.2500 resistance.
The expected trend for today: Bearish
Origin: Economies
