The GBPUSD pair traded with strong negativity yesterday to move away from 1.2135 level and head towards visiting 38.2% Fibonacci correction level at 1.1950, making the bearish bias suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50.
On the other hand, we should note that breaching 1.2135 will stop the correctional bearish scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.1950 support and 1.2135 resistance.
The expected trend for today: Bearish
Origin: Economies
