The GBPUSD pair attempted to breach 1.2880 level but it rebounds bearishly to remain stable below it, which keeps the bearish trend scenario valid and active for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to visit 1.2705 level that represents our next main target.
We remind you that breaching 1.2880 will push the price to test the most important resistance for the short term trades at 1.3000 before determining the next destination clearly.
The expected trading range for today is between 1.2730 support and 1.2920 resistance.
The expected trend for today: Bearish
Origin: Economies
