The GBPUSD pair traded with strong negativity yesterday to reach 1.2800 barrier, reinforcing the expectations of continuing the bearish trend, which gets good support by the EMA50, reminding you that our main waited target is located at 1.2705.
Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 1.2880 might push the price to test 1.3000 areas again before any new attempt to decline.
The expected trading range for today is between 1.2705 support and 1.2880 resistance.
The expected trend for today: Bearish
Origin: Economies
