The GBPUSD pair managed to achieve our extended target at 1.2300 and surpassed it by today’s open to settle below it, which supports the chances of continuing the bearish trend on the intraday and short term basis, paving the way to head towards 1.2155 as a next main target.
The EMA50 continues to support the expected bearish wave, which will remain valid unless the price rallied to breach 1.2420 and hold above it.
The expected trading range for today is between 1.2190 support and 1.2350 resistance.
Origin: Economies
