The GBPUSD pair retested 1.2830 level that was broken previously and rebounds bearishly from there, to keep the negative effect of the head and shoulders’ pattern active, supported by the negative pressure formed by the EMA50, which its next main target located at 1.2636, while holding below 1.2830 represents key condition to continue the expected decline.
The expected trading range for today is between 1.2690 support and 1.2850 resistance.
The expected trend for today: Bearish