The GBPUSD pair couldn’t manage to hold for long time above 1.2720, to break it and settle below it again, which puts the price under the negative pressure on the intraday basis, on its way to achieve negative targets that reach 1.2590.
Therefore, the bearish trend will be expected for today, noting that breaching 1.2720 followed by 1.2740 levels will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.2610 support and 1.2770 resistance.
The expected trend for today: Bearish
Origin: Economies
