The GBPUSD pair fluctuates at the main bearish channel’s resistance now, noticing that stochastic loses its positive momentum clearly to move near the overbought areas, to support the chances of bouncing bearishly and resume the main bearish trend.
Therefore, we will keep our bearish overview unless breaching 1.2870 level and holding above it, noting that breaking 1.2800 will ease the mission of rallying towards our main waited target at 1.2636.
Expected trading range for today is between 1.2750 support and 1.2920 resistance.
Expected trend for today: Bearish