The GBPUSD price traded positively yesterday to reach the thresholds of the key resistance 1.2735$, noticing that the price consolidates below this level to start providing slight negative trades, hinting heading to resume the expected bearish trend on the intraday basis, which targets 1.2566$ as a next main station.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 1.2735$, as breaching it represents the key to start bullish wave that its next main target reaches 1.2866$ areas.
The expected trading range for today is between 1.2620$ support and 1.2760$ resistance
Trend forecast: Bearish
