The GBPUSD pair resumed its negative trades strongly yesterday to succeed touching our waited target at 1.2540, noticing that the price attempts to break it, to hint heading to achieve more decline in the upcoming period, targeting the next correctional level at 1.2450.
Therefore, the bearish trend will remain suggested on the intraday basis, noting that the consolidation of 1.2540 level against the current negative pressure will lead the price to build new bullish wave that its targets begin by testing 1.2645 areas.
The expected trading range for today is between 1.2460 support and 1.2600 resistance.
The expected trend for today: Bearish
Origin: Economies
