The GBPUSD pair tested 1.2470 level again, noticing that the price consolidates below this level, to keep the correctional bearish scenario valid for the upcoming period, waiting to test 1.2345 as a first main target.
The price needs to trade below 1.2440 to reinforce the expectations to decline, reminding you that breaking the targeted level will push the price to achieve additional bearish correction that its next target reaches 1.2240, while breaching 1.2470 represents the key to return to the main bullish track again.
The expected trading range for today is between 1.2350 support and 1.2510 resistance.
The expected trend for today: Bearish
Origin: Economies
