The GBPUSD pair trades with clear negativity to achieve our initial target at 1.2430, showing more of the bearish bias moves that support the expectations for the bearish wave extension for the rest of the day, reminding you that our next target reaches to 1.2295.
Therefore, we will keep our bearish trend expectations unless breaching 1.2520 level and holding above it.
The expected trading range for today is between 1.2390 support and 1.2550 resistance.
The expected trend for today: Bearish