The GBPUSD pair traded with clear negativity yesterday to attack 1.2304 level, as it broke it and closed the daily candlestick below it, which turns the intraday track to decline, to head towards achieving additional decline that targets visiting 1.2093 level mainly.
Therefore, the bearish trend will be suggested for today, supported by the negative pressure formed by the EMA50, noting that stepping above 1.2304 again will reactivate the bullish trend scenario that its next main target located at 1.2515.
The expected trading range for today is between 1.2200 support and 1.2390 resistance.
The expected trend for today: Bearish
Origin: Economies
