The GBPUSD pair resumes its negative trades to surpass 1.2490 and reinforce the expectations of continuing the bearish wave in the upcoming sessions, and the way is open to visit 1.2425 that represents our next target, which breaking it represents the key to rally towards 1.2300, while holding below 1.2590 represents key condition to achieve the suggested targets.
The expected trading range for today is between 1.2400 support and 1.2560 resistance.
The expected trend for today: Bearish