The GBPUSD pair couldn’t manage to confirm breaking 1.1950 level, to fluctuate above it now, noticing that the EMA50 continues to press negatively on the price, to support the continuation of the decline within the bearish channel that appears on the chart, waiting to head towards 1.1795 as a next main target.
Therefore, we will keep our bearish overview, noting that breaching 1.2050 is considered as the first key to recover and attempt to stop the current bearish correction.
The expected trading range for today is between 1.1890 support and 1.2050 resistance.
The expected trend for today: Bearish
Origin: Economies
