The GBPUSD pair showed additional strong decline to touch key support at 1.2825, and we expect the continuation of the bearish bias to surpass this level and head towards 1.2700 areas on the near term basis.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to break 1.2825 will lead the price to start bullish wave that targets testing 1.3000 barrier before any new attempt to decline.
The expected trading range for today is between 1.2740 support and 1.2900 resistance.
The expected trend for today: Bearish
Origin: Economies
