The GBPUSD pair broke 1.2720 level clearly and closed the daily candlestick below it, to turn to decline on the intraday basis and head towards potential visit to 1.2590 – 1.2560 areas.
Therefore, the bearish bias will be suggested for today conditioned by the price stability below 1.2720, noting that breaching this level will stop the expected negative scenario and lead the price to resume the main bullish trend within the bullish channel that appears on the chart.
The expected trading range for today is between 1.2600 support and 1.2750 resistance.
The expected trend for today: Bearish
Origin: Economies
