The GBPUSD pair continues to press on 1.2705 level, noticing that stochastic begins overlapping negatively now, which forms negative motive that we are waiting to assist to break the mentioned level and open the way to head towards our next correctional target that extends to 1.2540.
Therefore, our bearish overview will remain valid for the upcoming period, taking into consideration that the continuation of the bearish wave requires holding below 1.2855.
The expected trading range for today is between 1.2620 support and 1.2800 resistance.
The expected trend for today: Bearish
Origin: Economies
