GBPUSD Price Analysis
Expected Scenarios
- The GBPUSD price approached 1.2600$ barrier, showing some slight bullish bas now, affected by stochastic positivity.
- Waiting to resume the expected bearish wave for today, which is affected by the previously completed double top pattern.
- The expected targets begin by attacking 1.2580$ level to extend towards 1.2480$ as a next main station.
The continuation of the bearish wave depends on the price stability below 1.2700$ level, which breaching it represents the key to turn to rise and return to the main bullish track again.
Trading Range
The expected trading range for today is between 1.2540$ support and 1.2690$ resistance.
Trend forecast: Bearish