The GBPUSD pair tested 1.2500 barrier and finds solid support there, waiting to get negative motive that assist to push the price to continue the decline and achieve our main expected target at 1.2460, noting that breaking this level will put the price under additional negative pressure that its next target reaches 1.2300 areas.
Therefore, we will continue to suggest the bearish trend for the upcoming period, which gets good support by the EMA50, noting that breaching 1.2590 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 1.2450 support and 1.2600 resistance.
The expected trend for today: Bearish
Origin: Economies
