The GBPUSD pair surpassed 1.2825 level to approach our extended negative target at 1.2700, expecting the continuation of the negative pressure to achieve more negative targets that reach 1.2620, noting that the bearish channel supports the continuation of the decline on the intraday and short term basis, noting that holding below 1.2825 represents initial condition to continue the bearish trend.
The expected trading range for today is between 1.2660 support and 1.2790 resistance.
The expected trend for today: Bearish