The GBPUSD pair managed to break 1.2962 level and closed the last four hours’ candlestick below it, reinforcing the expectations of continuing the bearish trend for today, as the price moves near our next target 1.2900, and the way is open to continue the decline towards our extended target at 1.2800.
Therefore, the bearish trend will remain valid for today conditioned by the price stability below 1.2962.
Expected trading range for today is between 1.2880 support and 1.3050 resistance.
Expected trend for today: Bearish