The GBPUSD pair continued to decline to approach our waited target at 1.2805, showing some bullish bias affected by stochastic positivity, to test the key resistance 1.2870, noticing that the indicator is losing its positive momentum to support the chances of resuming the bearish correction, noting that surpassing the mentioned target will extend the bearish wave to reach 1.2725.
Until now, we will continue to suggest the bearish trend for the upcoming period as long as 1.2870 and the most important 1.2935 levels remain intact, as breaching the last level represents positive factor that will lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.2775 support and 1.2940 resistance.
The expected trend for today: Bearish
Origin: Economies
