The GBPUSD pair found difficulty to confirm the return to the main bullish channel, to rebound bearishly and head towards starting correctional bearish wave on the intraday basis, waiting to test 1.2675 initially, noting that breaking this level will confirm opening the way to achieve more decline and visit 1.2580 followed by 1.2515 levels as next main stations.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.2790 will stop the negative scenario and lead the price to return to the main bullish track again.
The expected trading range for today is between 1.2620 support and 1.2790 resistance.
The expected trend for today: Bearish
Origin: Economies
