The GBPUSD pair settles below 1.2080 level, showing some slight bearish bias now, waiting for more decline for the rest of the day, to keep the bearish trend valid and active in the upcoming sessions, supported by stochastic and the EMA50 negativity, reminding you that our next target is located at 1.1930, while achieving it requires holding below 1.2080.
The expected trading range for today is between 1.1960 support and 1.2140 resistance.
The expected trend for today: Bearish