The GBPUSD pair begins the attempts to break the neckline of the head and shoulders’ pattern, reinforcing the expectations of continuing the bearish trend in the upcoming period which its next main target located at 1.2636, reminding you that the continuation of the bearish wave depends on the price stability below 1.2962.
The expected trading range for today is between 1.2750 support and 1.2930 resistance.
The expected trend for today: Bearish