The GBPUSD pair trades with strong positivity to start testing the key resistance 1.2636, which urges caution from the upcoming trading, as breaching it will stop today’s suggested negative scenario and leads the price to recover the losses that it suffered yesterday.
Until now, we will keep our bearish overview unless breaching 1.2636 level and holding above it, noting that our next main target extends to 1.2350 after the price succeeds to break 1.2500 level.
Expected trading range for today is between 1.2450 support and 1.2650 resistance.
Expected trend for today: Bearish