The GBPUSD pair managed to break 1.2725 level and closed the daily candlestick below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, opening the way to head towards 1.2825 as a next negative station.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1.2725 will stop the current negative pressure and lead the price to start recovery attempts that target visiting 1.2825 areas initially.
The expected trading range for today is between 1.2625 support and 1.2790 resistance.
The expected trend for today: Bearish
Origin: Economies
