The GBPUSD pair is showing a slight bearish bias, as it attempts to resume the expected downward trend on an intraday basis. The negative outlook remains intact as long as the price stays below the 1.2735$ level. The main target for this bearish move is 1.2566$, which can be achieved if the price holds below this key resistance.
Today’s Trading Range
Support Level: 1.2570$
Resistance Level: 1.2710$
Trend Forecast: Bearish
The bearish scenario remains valid, with the price expected to stay below 1.2735$ to maintain the downward trajectory.
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