The GBPUSD pair succeeded to achieve our waited target at 1.3000 and broke it to settle below it, opening the way to extend the bearish wave on the intraday and short term basis, on its way to visit 1.2705 that represents our next correctional station.
Therefore, the bearish trend will remain dominant in the upcoming period, taking into consideration that breaching 1.3000 will stop the current negative pressure and leads the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 1.2860 support and 1.3020 resistance.
The expected trend for today: Bearish
Origin: Economies
