The GBPUSD pair shows sideways and tight trading since morning, and still stable inside the minor bullish channel, waiting to break 1.2705 level to confirm rallying towards our next negative target at 1.2636.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1.2780, reminding you that surpassing the mentioned target will push the price towards 1.2500 as a next main station.
Expected trading range for today is between 1.2636 support and 1.2800 resistance.
Expected trend for today: Bearish