The GBPUSD pair faced negative pressure yesterday to break 1.2590 level and close the daily candlestick below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that supports the chances of achieving negative trades that target 1.2460 areas mainly.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 1.2590 will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1.2460 support and 1.2610 resistance.
The expected trend for today: Bearish
Origin: Economies
