The GBPUSD pair returns to decline now, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to provide more negative trades to attack 1.2077 and open the way to head towards our extended target at 1.1933.
Therefore, the bearish trend scenario will remain valid and active unless breaching 1.2225 and hold above it.
The expected trading range for today is between 1.2050 support and 1.2200 resistance.
The expected trend for today: Bearish
Origin: Economies
