The GBP / USD trades stabilize below the 1.2474 level, and it moves below the EMA50 which constitutes a negative pressure against the price, waiting for the bearish bias to resume the 1.2307 and 1.2256 level as the next main station.

In general, we will maintain our expectations for the downside direction for the coming period unless the price rushes to breach the 1.2455 level and hold above it.

The expected trading range for today is between 1.2307 support and 1.2420 resistance

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Expected trend for today: Downside