The GBPUSD pair resumes its negative trading to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend for the rest of the day, on its way to achieve our negative targets that start at 1.2400 and extend to 1.2300, reminding you that it is important to hold below 1.2550 to achieve the suggested targets.
The expected trading range for today is between 1.2400 support and 1.2580 resistance.
The expected trend for today: Bearish