The GBPUSD pair succeeded to reach few pips away from our waited positive target at 1.2515, starting today with bearish bias to hint the chances of witnessing potential decline in the upcoming sessions, especially that stochastic provides clear negative signals now, which makes us suggest the bearish for bias today, waiting to visit 1.2304 as a next main target.
On the other hand, we should note that breaching 1.2515 and holding above it will stop the suggested decline and leads the price to achieve more gains to head towards 1.2680 followed by 1.2777 areas as next positive targets.
The expected trading range for today is between 1.2360 support and 1.2550 resistance.
The expected trend for today: Bearish
Origin: Economies
