The GBPUSD pair broke 1.2030 level strongly and rallied bearishly to surpass the first negative target at 1.19300 and paves the way to achieve more expected decline in the upcoming sessions, waiting to head towards 1.1800 as a next negative target.
Therefore, we expect the continuation of the bearish trend on the intraday and short term basis, affected by the double top pattern that its signs appear on the chart, noting that the continuation of the bearish wave requires holding below 1.2030.
The expected trading range for today is between 1.1830 support and 1.2000 resistance.
The expected trend for today: Bearish