The GBPUSD pair managed to achieve our waited target at 1.2155 and fluctuates around it, noticing that the price closed the daily candlestick below it, to pave the way to continue the decline on the intraday and short term basis, noting that the next targets extend to 1.2070 followed by 1.2000.
The EMA50 supports the expected decline, taking into consideration that failing to surpass 1.2155 will lead the price to start recovery attempts and achieve gains that start at 1.2220 followed by 1.2295.
The expected trading range for today is between 1.2050 support and 1.2220 resistance.
Origin: Economies
