The GBPUSD pair shows positive trades by today’s open to head towards potential test to the key resistance 1.2880, affected by stochastic positivity, and as we mentioned in our recent reports, the price needs to hold below the mentioned resistance to keep the bearish trend scenario valid for the upcoming period, which its next target located at 1.2705.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 1.2880 will push the price to test 1.3000 initially before determining the next destination clearly.
The expected trading range for today is between 1.2705 support and 1.2900 resistance.
The expected trend for today: Bearish
Origin: Economies
