The GBP / USD pair opens today's trading with a new bearish tendency to break the level of 1.2515 and try to stabilize below it, and by looking at the chart, we find that the price draws a double top pattern whose confirmation level is at 1.2440, which means that breaking this The level will confirm the continuation of the decline during the upcoming sessions, heading to test the 1.2304 level initially.
Therefore, the bearish bias will be expected for today, taking into consideration that breaching 1.2515 then 1.2575 and holding above it will stop the suggested negative scenario and lead the price to restore the bullish path again.
The expected trading range for today is between 1.2300 support and 1.2550 resistance
Expected trend for today: Downside
