The GBPUSD pair opens today’s trading with additional decline to reach our extended target at 1.3000, and we suggest surpassing this level to achieve more negative targets that reach 1.2940 followed by 1.2900, as the price is organized inside bearish channel that supports the chances of continuing the decline in the upcoming sessions.
Therefore, the bearish trend scenario will remain active, taking into consideration that the consolidation of 1.3000 against the current negative pressure might push the price to recover and test 1.3172 areas before any new attempt to decline.
The expected trading range for today is between 1.2920 support and 1.3090 resistance.
The expected trend for today: Bearish
Origin: Economies
