The GBPUSD pair hovers around 1.2800 level, and the bearish trend scenario still valid as long as the price is below 1.2962, supported by the negative pressure formed by the EMA50, waiting to surpass 1.2800 to confirm heading towards 1.2636 as a next main station.
We should note that breaching 1.2962 will stop the expected decline and lead the price to regain the main bullish trend again.
Expected trading range for today is between 1.2730 support and 1.2900 resistance.
Expected trend for today: Bearish