The GBPUSD pair traded with strong negativity yesterday after confirming breaking 1.2800 level, on its way to achieve our waited negative target at 1.2636, supported by stochastic and the EMA50 negativity.
Therefore, we are waiting for more decline in the upcoming sessions conditioned by the price stability below 1.2800, being aware that it is important to monitor the price when reaching the targeted level, as breaking it will extend the price decline on the medium term basis to reach 1.2500 as a next main station.
Expected trading range for today is between 1.2640 support and 1.2800 resistance.
Expected trend for today: Bearish