The GBPUSD pair provided new negative trades to reach 1.2400 barrier, which supports the expectations of continuing the domination of the bearish trend on the intraday and short term basis, waiting to visit 1.2350 level that represents our next main target.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2565 and hold above it.
The expected trading range for today is between 1.2370 support and 1.2520 resistance.
The expected trend for today: Bearish
Origin: Economies
