The GBPUSD pair settled around 1.2800 level after the strong decline that it witnessed yesterday, falling under the negative pressure formed by the EMA50, waiting for more bearish bias to visit 1.2705 level that represents our next main target.
Therefore, the bearish trend scenario will remain active for the upcoming period, taking into consideration that breaching 1.2880 might push the price to achieve intraday gains and test 1.3000 again before any new attempt to decline.
The expected trading range for today is between 1.2705 support and 1.2900 resistance.
The expected trend for today: Bearish
Origin: Economies
