The GBPUSD price crawls downwards, and continues to move inside the intraday bearish channel that appears on the chart, waiting to test 1.2670 as a next main target.
Moving below the EMA50 supports the suggested negative scenario, taking into consideration that breaching 1.2805 will stop the bearish wave and lead the price to regain the main bullish track again.
The expected trading range for today is between 1.2650 support and 1.2790 resistance.
Trend forecast: Bearish
Origin: Economies
