The GBPUSD pair broke 1.2970 level strongly and settled below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to achieve negative targets that start at 1.2845 and extend to 1.2705.
Moving below the EMA50 supports the expected decline, while breaching 1.3000 represents the key to stop the current negative pressure and head to resume the main bullish trend again.
The expected trading range for today is between 1.2845 support and 1.3000 resistance.
The expected trend for today: Bearish
Origin: Economies
