The GBPUSD pair declined strongly to succeed achieving our waited target at 1.2705, and returns to fluctuate near 1.2800, waiting for more decline for the rest of the day supported by the negative pressure formed by the EMA50, noting that breaking 1.2705 will extend the bearish wave to reach 1.2600 as a next target, while the expected decline will remain valid conditioned by the price stability below 1.2880.
The expected trading range for today is between 1.2705 support and 1.2900 resistance.
The expected trend for today: Bearish