The GBPUSD pair trades negatively by today’s open, to break the intraday bullish channel’s support line and attempts to hold below it, which leads the price to achieve some expected intraday bearish correction in the upcoming period, targeting testing 1.2190 followed by 1.2065 levels as next main stations.
Therefore, we expect to witness more bearish bias today, and breaking 1.2290 will ease the mission of achieving the suggested targets, while breaching 1.2360 will stop the expected decline and push the price to regain the main bullish trend again, to head towards testing 1.2440 initially.
The expected trading range for today is between 1.2200 support and 1.2360 resistance.
The expected trend for today: Bearish
Origin: Economies
