The GBPUSD pair continues the attempts to break 1.2705 level that forms solid obstacle against the negative scenario, while the EMA50 keeps pressing negatively on the price, to support the expectations of continuing the bearish trend in the upcoming period, organized inside the bearish channel that appears on the chart, waiting to break the mentioned level to open the way to head towards 1.2540 as a next main station.
Therefore, we will keep our bearish overview conditioned by the price stability below 1.2835.
The expected trading range for today is between 1.2650 support and 1.2835 resistance.
The expected trend for today: Bearish
Origin: Economies
