The GBPUSD pair shows some bullish bias to test 1.2750 level, but it returns to trade negatively now, which keeps the bearish trend scenario valid for the rest of the day, supported by the negative pressure formed by the EMA50, noting that our next target is located at 1.2636, while achieving it conditions holding below 1.2775.
Expected trading range for today is between 1.2600 support and 1.2775 resistance.
Expected trend for today: Bearish