The GBP/USD pair has shown weak price action today, stabilizing around the $1.2635 level. The bearish trend forecast remains in place for the day, contingent on the price staying below the $1.2735 resistance level.
Should the price continue to hold below this threshold, the focus will remain on targets at $1.2566, followed by a potential drop to $1.2500 after breaking through the initial support.
The expected trading range for today is between support at $1.2550 and resistance at $1.2700.
Trend Forecast: Bearish
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