The GBPUSD pair resumes its negative trading after the positive attempts that it witnessed in the previous sessions, which supports the continuation of the expected bearish trend scenario on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, waiting to head towards our first target at 1.2625.
Note that breaking the mentioned level will extend the bearish wave to reach 1.2505 areas, while breaching 1.2755 followed by 1.2825 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.2625 support and 1.2790 resistance.
The expected trend for today: Bearish
Origin: Economies
