The GBPUSD pair provided clear negative trades to support the continuation of the expected bearish trend scenario for the upcoming period, waiting for more decline to head towards 1.2400 followed by 1.2310 levels as next main targets.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2505.
The expected trading range for today is between 1.2390 support and 1.2540 resistance.
The expected trend for today: Bearish