The GBPUSD pair resumed its negative trading clearly to reach the thresholds of the first waited target at 1.2500, and the price falls under more negative pressure that comes by the EMA50, reinforcing the chances of surpassing the mentioned level to open the way to head towards 1.2400 that represents the next main target.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 1.2636 level and hold above it.
The expected trading range for today is between 1.2440 support and 1.2600 resistance.
The expected trend for today: Bearish