The GBPUSD pair traded negatively yesterday and managed to surpass the EMA50 and settles below it, which supports the continuation of our bearish overview in the upcoming sessions, organized inside the bearish channel that appears on the chart, waiting for more decline to visit 1.2636 level that represents our next main target.
Therefore, the bearish trend will remain suggested for today unless breaching 1.2880 level and holding above it.
Expected trading range for today is between 1.2700 support and 1.2880 resistance.
Expected trend for today: Bearish