The GBPUSD pair provides more positive trading to breach 1.2636 level and attempts to hold above it, which urges caution from the upcoming trading, as closing the daily candlestick above this level will stop the negative scenario and push the price to recover on the intraday and short term basis.
Until now, the bearish trend scenario still active conditioned by the daily close stability below 1.2636, noting that our first target is located at 1.2500.
Expected trading range for today is between 1.2500 support and 1.2660 resistance.
Expected trend for today: Bearish