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The GBP/USD pair shows new negative trades to reach 1.2805, and we suggest breaking this level to open the way to extend the bearish wave to reach 1.2725 as a next negative station.
Therefore, the bearish trend will remain valid and active for today, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 1.2870 and 1.2935 levels.
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The expected trading range for today is between 1.2775 support and 1.2940 resistance.
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The expected trend for today: Bearish
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