The GBPUSD pair resumes its negative trading to move below the intraday bearish channel’s resistance again, to support the expectations of continuing the bearish trend in the upcoming sessions, and the price needs to break 1.2920 to confirm the continuation of the decline towards 1.2736 that represents our next main target.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1.3050.
The expected trading range for today is between 1.2880 support and 1.3050 resistance.
The expected trend for today: Bearish