The GBPUSD pair bounced downwards strongly after testing 1.2825 level yesterday, to break 1.2725 and settles below it, which supports the continuation of the expected bearish trend on the intraday and short-term basis, which its next target located at 1.2625.
The EMA50 forms continuous negative pressure against the price to support the continuation of the expected bearish trend, reminding you that holding below 1.2825 represents major condition to achieve the suggested decline.
The expected trading range for today is between 1.2590 support and 1.2760 resistance.
The expected trend for today: Bearish
Origin: Economies
