The GBPUSD pair traded negatively yesterday to break the intraday bullish channel’s support line and settles below it, to start bearish correction for the rise that started from 1.1800 areas, on its way to visit 1.2250 as a next correctional target.
Therefore, we expect to witness additional negative trades today, and breaking 1.2355 will ease the mission of achieving the suggested decline, while breaching 1.2440 will stop the correctional bearish trend and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.2300 support and 1.2460 resistance.
The expected trend for today: Bearish
Origin: Economies
