The GBPUSD pair achieved our second waited target at 1.2900 and broke it to settle below it now, which supports the continuation of our bearish overview efficiently in the upcoming sessions, paving the way to head towards 1.2800 that represents our next main target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that holding below 1.2962 is important to achieve the waited targets.
Expected trading range for today is between 1.2800 support and 1.2960 resistance.
Expected trend for today: Bearish