The GBPUSD pair completed forming bearish pennant pattern that its signs appear on the chart, as it broke its support line to get negative motive that we are waiting to push the price to continue the decline on the intraday basis, reminding you that our next targets begin at 1.2410 and extend to 1.2300.
Therefore, we will continue to suggest the bearish trend that gets continuous support by the EMA50 conditioned by the price stability below 1.2570.
The expected trading range for today is between 1.2400 support and 1.2570 resistance.
The expected trend for today: Bearish