The GBPUSD pair begins to provide negative trading now, motivated by stochastic current negativity, waiting for pushing the price to break 1.2830 level and confirming the completion of the head and shoulders pattern that supports our expectations for the bearish trend continuation in the upcoming period.
Therefore, we will keep our bearish trend expectations conditioned by holding below 1.2962, reminding you that our next main target is located at 1.2636.
The expected trading range for today is between 1.2800 support and 1.2962 resistance.
The expected trend for today: Bearish