The GBPUSD pair resumed its negative trading to move away from 1.2640 level, reinforcing the expectations of continuing the correctional bearish trend, waiting to test 1.2580 followed by 1.2515 levels as next negative stations.
The negative effect of the double top pattern still active, and supports the continuation of the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2680 followed by 1.2720 levels.
The expected trading range for today is between 1.2530 support and 1.2690 resistance.
The expected trend for today: Bearish
Origin: Economies
