The GBPUSD pair attempted to recover in the previous sessions but it found solid resistance formed by the EMA50, which forces the price to rebound bearishly again, to head towards providing more expected negative trades in the upcoming sessions, targeting 1.1870 followed by 1.1800 levels as next main stations.
Therefore, the bearish bias will be suggested for today, taking into consideration that the consolidation above 1.1980 will lead the price to provide new recovery attempts and head towards 1.2077 mainly.
The expected trading range for today is between 1.1890 support and 1.2040 resistance.
The expected trend for today: Bearish
Origin: Economies
