The GBPUSD pair traded with strong positivity yesterday to test the key resistance 1.2590, noticing that this level consolidates strongly against the price, to keep the bearish trend scenario active until now, noticing that the price begins to decline now, waiting for more bearish bias to visit 1.2490 followed by 1.2425 levels again.
Stochastic provides negative signals now to support the continuation of the expected decline, which will remain valid conditioned by the price stability below 1.2590.
The expected trading range for today is between 1.2480 support and 1.2630 resistance.
The expected trend for today: Bearish