The GBPUSD pair shows sideways trading since morning, and stochastic begins to provide negative overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the bearish trend that its next main target located at 1.2636, noting that breaching 1.2962 will stop the expected decline and push the price to turn to rise.
Expected trading range for today is between 1.2730 support and 1.2900 resistance.
Expected trend for today: Bearish