The GBPUSD pair kept its stability below 1.2725 level, as the EMA50 meets this resistance to add more strength to it, waiting to resume the bearish wave that its targets begin by testing 1.2625 level, reminding you that breaking this level will extend the bearish wave to reach 1.2505 areas.
The negative effect of the double top pattern supports the continuation of the expected decline, which will remain valid unless the price rallied to breach 1.2725 followed by 1.2825 levels and hold above them.
The expected trading range for today is between 1.2600 support and 1.2750 resistance.
The expected trend for today: Bearish
Origin: Economies
