The GBPUSD pair fluctuates with calm negativity and attempts to move away from 1.2720 level, to continue suggesting the bearish trend for the upcoming period, affected by the previously completed rising wedge pattern, reminding you that our first target is located at 1.2640.
Note that breaking the mentioned level will push the price to achieve additional bearish correction that its next target reaches 1.2580, while breaching 1.2720 represents positive factor that will lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.2610 support and 1.2760 resistance.
The expected trend for today: Bearish
Origin: Economies
