The GBP / USD pair closed the last daily candle below 1.2325, to get a negative sign that supports the chances of the descending wave extending in the short and medium term, paving the way for heading towards the previously recorded bottom at 1.1960 as the next negative station. < / p>
Consequently, the downside direction will remain expected during the upcoming sessions, considering that failure to hold below 1.2325 will stop the negative scenario and lead the price to start recovery attempts targeting 1.2553 areas initially.
The expected trading range for today is between 1.2230 support and 1.2450 resistance
Expected trend for today: Downside
