The GBPSEK pair ended its bullish correction by facing 50% Fibonacci correction level that forms solid barrier at 11.9410.
We expect to witness some sideways fluctuation until gathering the required negative momentum to start the negative attempts, to target 11.8670 followed by reaching the previously recorded low at 11.7850.
The expected trading range for today is between 11.9100 and 11.8670
The expected trend for today: Bearish