The GBPUSD pair settles around 1.2900 level, and the negative effect of the head and shoulders’ pattern still active, to keep the bearish trend valid for the rest of the day, which its next target located at 1.2800, while achieving it conditions holding below 1.2962.
The expected trading range for today is between 1.2820 support and 1.2960 resistance.
The expected trend for today: Bearish