The GBPUSD pair provided new positive trades in the previous sessions to breach 1.2725, but we notice that the EMA50 formed good resistance against the price, to stop the rise and keep the double top pattern active, waiting to resume the bearish trend that its next main target located at 1.2625.
Stochastic provides negative signals that support the continuation of the expected bearish trend, taking into consideration that breaching 1.2825 will stop the bearish wave and push the price to turn to rise.
The expected trading range for today is between 1.2650 support and 1.2800 resistance.
The expected trend for today: Bearish
Origin: Economies
