The GBPUSD pair settles below the broken support of the intraday bullish channel, which keeps the correctional bearish scenario active, which its targets begin at 1.2355 and extend to 1.2250 after breaking the previous level.
Stochastic shows negative signals that support the continuation of the expected bearish trend for the upcoming period, which will remain valid unless breaching 1.2460 and holding above it, as breaching it will stop the expected bearish correction and push the price to return to the bullish track again.
The expected trading range for today is between 1.2340 support and 1.2500 resistance.
The expected trend for today: Bearish
Origin: Economies
