The GBPUSD pair managed to break 1.2650 level and closed the daily candlestick below it, reinforcing the expectations of continuing the domination of the correctional bearish trend efficiently in the upcoming period, opening the way to head towards 1.2540 as a next target.
Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, noting that breaching 1.2650 will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.2530 support and 1.2670 resistance.
The expected trend for today: Bearish
Origin: Economies
