The GBPUSD pair succeeded to achieve our main waited target at 1.2093, starting today with additional decline to move below this level, which hints the price head to achieve more decline in the upcoming sessions, paving the way to visit 1.1832 level as a next main station.
Therefore, the negative scenario will remain suggested on the intraday and short term basis, taking into consideration that failing to consolidate below 1.2093 might push the price to achieve intraday gains that target testing 1.2304 areas before any new attempt to decline.
The expected trading range for today is between 1.2000 support and 1.2170 resistance.
The expected trend for today: Bearish
Origin: Economies
