The GBPUSD pair settles near our main waited target at 1.2705, noticing that the price moves inside bearish channel that supports the chances of breaking the mentioned level and open the way to extend the bearish wave on the short term basis, as the next target reaches 1.2540.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to achieve the required break will stop the current negative pressure and push the price to achieve intraday gains that start by testing 1.2880 areas.
The expected trading range for today is between 1.2620 support and 1.2800 resistance.
The expected trend for today: Bearish
Origin: Economies
