The GBPUSD pair provided calm negative trades yesterday to test the EMA50 that forms minor support at 1.2635, waiting to surpass this level to open the way to achieve our main waited target at 1.2590.
Therefore, we will continue to suggest the bearish trend on the intraday basis, which depends on the price stability below 1.2720, noting that breaking the targeted level will extend the bearish wave to reach 1.2460 areas on the near-term basis.
The expected trading range for today is between 1.2580 support and 1.2720 resistance.
The expected trend for today: Bearish
Origin: Economies
